JP Morgan Chase's Dimon Tells Democrats Debt Ceiling Should Be Abolished

Axios hasreported that JP Morgan Chase CEO Jamie Dimon told the center-left House Democrat group the New Democrat Coalition today that he believes the federal debt ceiling should be abolished.

• According to Axios, Dimon met the 100-strong group of centrist Democrats for a wide-ranging discussion on issues such as immigration reform, community banks, taxation, and business regulation.
• Axios: "Many of these positions are top priorities for the New Democrats, who have been working with the center-right Republican Governance Group on possible bipartisan collaboration.... Immigration reform and border security, in particular, are areas the New Democrats aim to find common ground."
• Dimon told reporters ahead of the meeting that he would discuss, “whatever is on [lawmakers’] minds... they invited me to come talk to them, I’m thrilled to do it.”
• NDC Vice Chair, Rep. Derek Kilmer (D-WA), told CNBC: “Part of the conversation with Jamie Dimon … I think it is appropriate that we look at reforms to this conversation around the debt ceiling.... What you see time after time after time is hostage-taking. With a scenario where you simply cannot shoot the hostage without having real impacts to the American economy.”