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Jamie Dimon warns that the $38 trillion national debt is ‘not sustainable’ and it’s one of two ‘tectonic plates’ that may crash in the near future

By Ilene
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Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a fireside chat at the US Chamber of Commerce in Washington, DC, US, on Thursday, Jan. 15, 2026. Luke Johnson/Bloomberg via Getty Images

Jamie Dimon warns that the $38 trillion national debt is ‘not sustainable’ and it’s one of two ‘tectonic plates’ that may crash in the near future

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JPMorgan Chase CEO Jamie Dimon issued a stark warning regarding the future of the American economy, identifying the ballooning national debt and volatile global politics as two “tectonic plates” that threaten to destabilize the financial order. Speaking at the Chamber of Commerce with Carlyle cofounder (and podcast host) David Rubenstein, the head of the nation’s most valuable bank cautioned the current U.S. fiscal trajectory is “not sustainable” and these shifting forces “may crash” in the near future.

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