Citadel's Esposito says US deficit is a 'ticking time bomb'

NEW YORK (Reuters) -The U.S. government's growing debt pile is a "ticking time bomb" and how the Trump administration reacts to this crisis is going to be "super important", Citadel President Jim Esposito said on Thursday. Several other leaders of the financial services industry have issued similar warnings about the current U.S. deficit in recent weeks. Earlier in June, JPMorgan Chase CEO Jamie Dimon said the U.S. national debt is a "big deal" that could create a "tough time" for the bond market that causes spreads to widen.