Buffett Confident Congress Won't Go Beyond "Extreme Idiocy"

By: WOWT Email
By: WOWT Email

Billionaire Warren Buffett is confident the federal budget dispute will soon be resolved, saying Thursday on CNBC that he expects the nation's leaders to "go right up to the point of extreme idiocy," but won't cross that point.

Democrats are refusing to consider making changes to the nation's health care overall that congressional Republicans are demanding.

Buffett said the United States won't be crippled if the political debate stretches past the October 17th deadline for Congress to renew the government's authority to borrow money.

Buffett, chairman and CEO of Omaha-based Berkshire Hathaway, said it's unimaginable the disagreement could continue much beyond then.

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