Jamie Dimon Voices Support for Elon Musk's Government Efficiency Initiative

The JPMorgan CEO calls the U.S. government inefficient and expresses cautious optimism for the Department of Government Efficiency's cost-cutting efforts.

Jamie Dimon described the U.S. government as inefficient and in need of significant reform, citing issues with bureaucracy and ineffective policies.
He expressed measured support for the Department of Government Efficiency (DOGE), led by Elon Musk, which aims to reduce $2 trillion in federal spending and waste.
Dimon emphasized the importance of improving outcomes and modernizing government systems beyond simply cutting costs.
DOGE's early efforts have included canceling underused federal building leases, consolidating agencies, and eliminating certain diversity and consulting initiatives, claiming $65 billion in estimated savings so far.
Dimon cautioned against overreach by DOGE but said that courts would intervene if necessary, and he remains hopeful for its success.