Buffett on the Fiscal Cliff

Warren Buffett says that even if the U.S. goes over the “fiscal cliff”, he doesn’t think it will lead to recession. “I don’t think that’s going to happen,” Buffett tells CNNMoney. He says that even if it takes a couple months after the New Year for Congress and the President to reach a “cliff” deal, the U.S. will continue to grow. “We are not going to permanently cripple ourselves because 535 people [in Congress] can’t get along,” he says. “There are things that will disrupt the economy …. but we have a very resilient economy.”