JPM's Michele: Clients Love US Governance, Rule of Law

The transcript discusses the implications of potential downgrades on the US economy, focusing on Fitch's actions and the challenges the US faces in aligning its fiscal deficits and debt-to-GDP ratio with other AAA-rated sovereigns. It highlights the US's fiscal challenges compared to other countries and touches on governance issues. Despite these challenges, the US markets remain attractive to clients due to the rule of law and transparency.

What fiscal deficit percentage is the US expected to run?

What factors do clients appreciate about US markets?