Buffett: Budget Fight Will Be Resolved Eventually

OMAHA, Neb. (AP) -

Billionaire Warren Buffett says he’s confident the federal budget dispute will eventually be resolved.

Buffett said on CNBC Thursday that he expects the nation’s leaders to “go right up to the point of extreme idiocy,” but not cross that point.

Democrats are refusing to consider making changes to the nation’s health care overhaul that Republicans are demanding.

Buffett says the United States wouldn’t be crippled if the political debate stretches just past the Oct. 17 deadline for Congress to renew the government’s authority to borrow money. But Buffett – who is chairman and CEO of the Berkshire Hathaway conglomerate – says it’s unimaginable that the disagreement could stretch significantly beyond that.