JPMorgan Chase Chairman and CEO Jamie Dimon reportedly has called for an “immediate” end to the partial government shutdown in note to his company employees.
JPMorgan is donating $1 million to Feeding America and United Way to assist unpaid federal workers with food and other needs.
"We want a reasonable solution to the shutdown and want to see it end immediately," Dimon said in the memo, CNBC reported. JP Morgan will match employee donations to the same organizations and make volunteer opportunities available.
The U.S. Senate, after rejecting two shutdown-ending bills, was searching for a way to end a government closure entering its 35th day and threatening the economy, as hundreds of thousands of federal workers missed a second paycheck on Friday, Reuters reported.
Republican President Donald Trump was dug in at the White House, continuing to insist on funding for a wall he wants to build on the U.S.-Mexico border, while the Democratic-led House of Representatives, which opposes the wall, had left Washington for the weekend.
Meanwhile, the U.S. government shutdown is eroding consumer sentiment among Republicans concerned about the closure while having little impact on already-weak confidence for Democrats and independents, according to a University of Michigan survey.
While 9 percent of Republicans spontaneously mentioned the shutdown this month compared with 20 percent of Democrats, those Republicans had a sentiment index 34 points lower than fellow Republicans who didn’t mention the shutdown, Bloomberg explained.
That compares with a 1-point gap between Democrats who did and didn’t mention the shutdown, the university said Friday in a special report based on its monthly survey of Americans.
Material from Bloomberg and Reuters has been used in this report.
© 2022 Newsmax Finance. All rights reserved.