HUFFINGTON POST: Congressional Republicans aren’t stupid enough to hold America’s full faith and credit hostage to politics, but they’ll get pretty close, according to Warren Buffett.
The billionaire investor told Andrew Ross Sorkin on CNBC Thursday that Congress will probably raise the nation’s debt ceiling in time to avoid defaulting on all its obligations, though it likely won’t happen until the final hours.
“We will go right up to the point of extreme idiocy, but we won’t cross it,” Buffett said Thursday on “Squawk Box.” … (more)
