Thursday, November 15, 2012
Buffett not worried about fiscal cliff
Thanks to Will for passing this along.
NEW YORK (CNNMoney) -- Warren Buffett is not worried about the fiscal cliff.
While it's not ideal, the founder of Berkshire Hathaway (BRKA, Fortune 500) thinks that President Obama must be willing to keep pushing for higher taxes on the wealthy, even if it triggers the fiscal cliff that would lead to the automatic onset of tax increases and spending cuts on Jan.1.
The U.S. economy, he said, can weather it for a month or two. "We're not going to permanently cripple ourselves," Buffett told CNN's Poppy Harlow in an exclusive interview at Berkshire Hathaway's Omaha headquarters Wednesday.
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