Jamie Dimon says Congress shouldn't play games with the creditworthiness of the U.S. government

JPMorgan Chase CEO Jamie Dimon said Thursday that politicians should beryllium superior astir the indebtedness ceiling arsenic Congress remains locked successful a governmental combat to summation the U.S. borrowing limit.

"We should ne'er question the creditworthiness of the United States government. That is sacrosanct. It should ne'er happen," Dimon said Thursday connected CNBC's "Squawk Box" from the World Economic Forum in Davos, Switzerland.

His comments travel arsenic Congress remains successful a standoff implicit the indebtedness ceiling, the magnitude of wealth the U.S. is authorized to get to wage its bills. Treasury Secretary Janet Yellen said past week that the U.S. would apt deed the ceiling Thursday, saying the lawsuit would "cause irreparable harm to the U.S. economy, the livelihoods of each Americans, and planetary fiscal stability."

Today, Dimon said, "Of people Democrats volition blasted the Republicans and Republicans volition blasted the Democrats. I don't attraction who blames who. Even questioning it is the incorrect happening to do... That is conscionable a portion of the fiscal operation of the world. This is not thing you should beryllium playing games with astatine all."

The existent ceiling is astir $31.4 trillion. Since the outgo of authorities operations exceeds national taxation revenues, the U.S. indispensable rise wealth by selling Treasury bonds, but can't bash truthful beyond the mandated indebtedness ceiling.

A U.S. default would nonstop daze waves passim the U.S. and planetary economies, including marketplace volatility and frozen national benefits.

On the broader economy, Dimon said ostentation volition apt stay stubbornly elevated, forcing the Federal Reserve to raise involvement rates higher than 5%.

— CNBC's Greg Iacurci contributed reporting.