Buffett Says Allowing U.S. Default Would Be 'Act of Idiocy' Billionaire Warren Buffett says it would be idiocy for the nation's leaders to allow the United States to default on its bills.
Study: US Could Default As Early As Oct. 18A new study predicts the United States could default on its obligations as early as Oct. 18 if Washington fails to agree on legislation to raise the government's borrowing cap.