Buffett: Fiscal Cliff Won't 'Torpedo' Economy

Thu, 11/15/2012 - 11:03am
CNN Money

Before the election, Warren Buffett had said that he believed there was a "fairly good chance that we go over the fiscal cliff for a short period of time." Now that the election is over, he says that whether the U.S. goes over the fiscal cliff or not depends on if the Republicans in congress, and the president, can agree. Even if the U.S. temporarily goes over the cliff, the Oracle of Omaha doesn't think that will push the country in another recession.

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