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Warren Buffett: U.S. Default Would be 'Idiocy'
October 16,
2013 by in Economic News, Industry 
Billionaire Warren Buffett says it would be idiocy for the nation's leaders to allow the United States to default on its bills.
Buffett is a renowned investor who leads the Berkshire Hathaway conglomerate, which includes a number of furniture retailers like R.C. Willey, Star Furniture, Jordan's and Nebraska Furniture Mart. He appeared Wednesday on CNBC.
Buffett says he doesn't think the federal government will fail to pay its bills, but "if it does happen, it's a pure act of idiocy."
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Source: ABC News