Jamie Dimon said that Republicans and Democrats should address the debt ceiling now rather than risk a showdown later as they continue working to avoid a government shutdown.
Fox News congressional correspondent Chad Pergram reports on Congress’ efforts to fund the government with two weeks left to avoid a shutdown.on Sunday said that a government shutdown and default would be "catastrophic," and that Republicans and Democrats should reach a spending agreement sooner rather than later ahead of Friday’s deadline.
"I mean, basically you end up spending much more money too because the American public may not know, you pay people, and you pay them more to come back to work," Dimon said. "It costs us much more money. So even if you want to be fiscally responsible it's not a good idea."
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