JPMorgan Chase CEO Jamie Dimon Addresses Funding Concerns for White House Ballroom

Thursday, 6 November 2025, 20:14

JPMorgan Chase CEO Jamie Dimon expressed concerns over his company's decision not to participate in funding the White House ballroom project. Dimon stated, 'We have an issue,' emphasizing the careful approach needed for political contributions due to potential perceptions and risks involved. The company's absence from the donor list highlights its cautious stance on creating the appearance of purchasing influence.

Thehill — JPMorgan Chase CEO Jamie Dimon Addresses Funding Concerns for White House Ballroom

JPMorgan Chase's Dimon on White House Funding Concerns

On Wednesday, JPMorgan Chase CEO Jamie Dimon publicly stated his company's decision not to donate funds for the upcoming construction of the White House's ballroom, a project replacing where the East Wing once stood. During an interview with CNN’s Erin Burnett, he acknowledged the absence of JPMorgan Chase from the list of contributors, saying, 'We have an issue,' indicating the necessity of being mindful about how contributions are perceived amid ongoing government contracts.

Dimon's caution stems from a focus on the potential risks involved with political donations, remarking, 'we have to be very careful about how anything is perceived.' He highlighted the existing company policies that discourage certain types of contributions to avoid any implications of seeking favor.

Despite JPMorgan Chase's reluctance to participate in this project, Dimon noted that the firm has historically contributed to presidential inaugurations, typical for numerous corporations. The ballroom construction, backed by $350 million raised from various high-profile donors including Amazon, Apple, Google, and others, is slated for completion by 2029.

Many have criticized the demolition of the East Wing, with public figures expressing concern about the implications and costs involved in the construction of the ballroom. Former first lady Michelle Obama reflected on its significance, and leaders like Hakeem Jeffries questioned the motives behind such projects at the White House.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.