Buffett says: "We're in a recession": CNBC

NEW YORK (Reuters) - Warren Buffett, chief executive of Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research, Stock Buzz) (BRKb.N: Quote, Profile, Research, Stock Buzz), 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)