OMAHA, Neb. (AP) — Billionaire investor Warren Buffett says Congress is playing with fire by considering not raising the U.S. debt ceiling.
The CEO and chairman of Berkshire Hathaway said Thursday on CNBC that there is no way to tell what might happen if the debt limit is not increased, but it’s a dangerous idea.
Buffett compared the debate over raising the debt limit to a game of “Russian roulette” with one bullet in a revolver.
He says five times out of six refusing to raise the debt limit might not be dangerous, but the sixth time could have catastrophic consequences.