Another debt ceiling debacle could sink the economy
Last year's Congressional debt standoff hurt consumer confidence more than the collapse of Lehman Brothers, Betsey Johnson and Justin Wolfers write. This time could be worse. Read more at Counterparties
Buffett says: "We're in a recession": CNBC
NEW YORK |
NEW YORK (Reuters) - Warren Buffett, chief executive of Berkshire Hathaway Inc (BRKa.N) (BRKb.N), said on Monday that "from a common sense standpoint right now, we're in a recession."
Speaking on CNBC, Buffett said the United States might not be in a recession from a technical standpoint, but based on what he sees from the businesses Berkshire Hathaway manages, the economy is contracting.
(Reporting by Dan Wilchins; Editing by Lisa Von Ahn)
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