At a Berkshire Hathaway Inc. annual meeting, Warren Buffett offered a vote of confidence in U.S. lawmakers, saying it would be “catastrophic”. His words come after Treasury Secretary Janet Yellen’s warning earlier this week that America may hit the debt ceiling by June 1 if Congress does not take action soon. While Buffett feels such a move is not likely, he still conceded that the U.S. defaulting would send the world financial system “into turmoil,” Reuters reports.
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