Senate Majority Leader Chuck Schumer will meet with top executives of the nation’s biggest banks on Wednesday to discuss the federal debt limit, with the government potentially just two weeks away from a catastrophic payments default.
The 11 a.m. session will include JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and Citigroup Inc. CEO Jane Fraser, according to a person familiar with the plan. Also this week, Treasury Secretary Janet Yellen is expected to gather with finance chiefs as the clock ticks down to her department potentially running out of sufficient cash to make good on all federal obligations.
Read More : Dimon, Fraser, and Other Bank CEOs to Hold Meeting with Schumer on Debt Limit