More than 150 chief executive officers, including JPMorgan Chase & Co.’s Jamie Dimon and Goldman Sachs Group Inc.’s Lloyd Blankfein, called on President Barack Obama and House Speaker John Boehner to compromise on a budget deal that would include new tax revenue and spending cuts.

Without a “principled compromise” soon, the chief executives warned in a letter today, the U.S. will suffer “long-lasting, if not permanent” economic damage.

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