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Buffett Says U.S. to Approach, Not Cross, Point of Idiocy

Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said he expects Congress to resolve a stalemate over the U.S. debt ceiling before it seriously harms the country.

“We will go right up to the point of extreme idiocy, but we won’t cross it,” he said today in an interview on CNBC.