Buffett: Congress will eventually pass fiscal plan

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Associated Press

Posted on November 28, 2012 at 8:00 AM

Updated Wednesday, Nov 28 at 8:03 AM

OMAHA, Neb. (AP) — Billionaire Warren Buffett says he's confident that Congress will eventually pass a plan to address the so-called fiscal cliff, even if it doesn't happen until early next year.

But the Berkshire Hathaway chairman and CEO says that the debate over the package of automatic tax increases and spending cuts that's set to take effect Jan. 1 won't affect any of his investment decisions.

Buffett said on CNBC Wednesday that he thinks Congress will eventually come up with a fiscal plan that makes sense, even if it doesn't happen until after the tax increases and spending cuts take effect.

Buffett appeared on CNBC Wednesday with Carol Loomis to discuss her new book about his career, "Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2012."

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