Warren Buffett expects Washington lawmakers will come up
with a compromise on the "fiscal cliff," but he's not sure that will
happen by the end of the year, according to the gurus at CNBC. He doesn't, however, think it will take
several more months to come up with a fix and it won't be the "end of the
world" if a compromise comes shortly after the December 31 deadline.
Buffett appeared live on CNBC's Squawk Box with long-time
friend Carol Loomis to promote a book about him that she compiled from Fortune
magazine articles over the years. Buffett
didn't outline a specific solution that he prefers, saying he could "go
with any number of plans."
But he thinks the end result should have U.S. revenues at
18.5 percent of GDP and expenditures at 21 percent……
More? Check out the
coverage at http://www.cnbc.com/id/49984648
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