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Investor Warren Buffett says he didn't buy the Washington Post because he didn't want it to be a burden on his company or family. (credit: NICHOLAS KAMM/AFP/Getty Images)

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.

10/16/2013

Treasury Secretary Jacob Lew says the just-resolved budget fight was "a little bit scary" because it "got close to the edge," and the lesson has to be that U.S. won't be put in that position again. (Photo by Alex Wong/Getty Images)

Study: US Could Default As Early As Oct. 18

A 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.

09/10/2013

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