On Thursday, US Treasury Secretary Janet Yellen called the sum of the US national debt a "scary number," but one that is manageable.
"It is a cliff, we see the cliff. It's about 10 years out, we're going 60 miles an hour [towards it]," Dimon was quoted as saying by Fox News on Saturday.
He noted that the debt-to-GDP ratio is now above 100%, whereas in 1982 it was 35%.
The US federal government's debt stood at just over $30 trillion at the end of January 2022, and reached a new record of $33 trillion by September 15. Debt servicing could cost the United States almost a third of budget revenues, Sputnik experts previously calculated.