BREAKING NEWS Minnesota health officials announce 5th Coronavirus-related death as positive tests hit 441 Full Story
SEVERE WX : Wind Advisory View Alerts
CLOSINGS: View Closings

Jamie Dimon: Immigration deadlock is 'tearing apart' country

Jamie Dimon believes Washington's immigration deadlock is hurting America.In his annual letter to JPMorgan Cha...

Posted: Apr 5, 2018 2:03 PM
Updated: Apr 5, 2018 2:03 PM

Jamie Dimon believes Washington's immigration deadlock is hurting America.

In his annual letter to JPMorgan Chase shareholders, Dimon, Wall Street's longest-tenured CEO, said, "We need to resolve immigration - it is tearing apart our body politic and damaging our economy."

Dimon said immigration reform was "important both morally and economically," and outlined principles that he claimed most Americans shared: border control, a path to citizenship for two million undocumented Dreamers, and improving the country's merit-based immigration system.

Immigrants who get an advanced degree in the United States should receive green cards, Dimon argued. And "law-abiding, hardworking undocumented immigrants" should have a path to legal status or citizenship.

"People immigrating to this country should be taught American history, our language and our principles," he said. "The American public will not be pro-immigration if we don't address these issues."

Dimon, 61, has become a public face of Wall Street. He took over as JPMorgan's head in 2005 and helped steer the bank through the 2008 financial crisis. He plans to lead the bank until 2023.

Article Comments

Mason City
Overcast
48° wxIcon
Hi: 50° Lo: 36°
Feels Like: 41°
Albert Lea
Overcast
43° wxIcon
Hi: 44° Lo: 34°
Feels Like: 35°
Austin
Overcast
46° wxIcon
Hi: 47° Lo: 36°
Feels Like: 38°
Charles City
Overcast
52° wxIcon
Hi: 50° Lo: 36°
Feels Like: 52°
Rochester
Overcast
42° wxIcon
Hi: 44° Lo: 34°
Feels Like: 32°
Severe weather Saturday before the sun comes out
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Weekend setup for rain, storms, and snow

Image

Seniors give their best quarantine advice

Image

Coronavirus claims Alden coffee shop

Image

How Corona Impacts Weather Forecasts

Image

Man Missing after boat accident

Image

Minnesota girl's basketball all-star series highlights athletes without games

Image

Chris' PM Weather Forecast 3/27

Image

Neighbors Helping Neighbors Serves Rural Areas

Image

Risk of Off-Label Medications For Covid-19

Image

Going on a bear hunt!

Community Events