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Debt ceiling fight 'damn dumb,' says Warren Buffett
Source: CNBC
Debt ceiling fight 'damn dumb,' says Warren Buffett
Published: Friday, 20 Sep 2013 | 5:57 AM ET
By: Becky Quick, Matthew J. Belvedere
If Republicans and President Barack Obama were to fail to reach an agreement to raise the nation's borrowing authority, that would be "pretty damn dumb," said billionaire investor Warren Buffett in a taped interview that aired on CNBC Friday.
In addition to the upcoming October or early November deadline on the debt ceiling, the prospects of a government shutdown next month also loom.
But Buffett, while critical of this type of partisan bickering, told "Squawk Box, "the market is not gonna fall apart, because [investors] expect Washington will only act irrationally for a certain length of time."
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Published: Friday, 20 Sep 2013 | 5:57 AM ET
By: Becky Quick, Matthew J. Belvedere
If Republicans and President Barack Obama were to fail to reach an agreement to raise the nation's borrowing authority, that would be "pretty damn dumb," said billionaire investor Warren Buffett in a taped interview that aired on CNBC Friday.
In addition to the upcoming October or early November deadline on the debt ceiling, the prospects of a government shutdown next month also loom.
But Buffett, while critical of this type of partisan bickering, told "Squawk Box, "the market is not gonna fall apart, because [investors] expect Washington will only act irrationally for a certain length of time."
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Read more: http://www.cnbc.com/id/101050075