At a Berkshire Hathaway Inc. annual meeting, Warren Buffett offered a vote of confidence in U.S. lawmakers, saying it would be “catastrophic.'
At a Berkshire Hathaway Inc. annual meeting, Warren Buffett offered a vote of confidence in U.S. lawmakers, saying it would be “catastrophic”.
His words come after Treasury Secretary Janet Yellen’searlier this week that America may hit the debt ceiling by June 1 if Congress does not take action soon. While Buffett feels such a move is not likely, he still conceded that the U.S. defaulting would send the world financial system “into turmoil,”
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