Buffett calls threat to not raise US debt limit a 'political weapon' -CNBC


NEW YORK, Oct 16 (Reuters) - Warren Buffett, chairman andchief executive of Berkshire Hathaway, said Wednesdaythat the threat of not raising the U.S. debt ceiling is apolitical weapon.

The idea that Congress could fail to raise the $16.7trillion U.S. borrowing limit is a "political weapon of massdestruction," Buffett told cable television network CNBC.

Buffett also said that his firm's spending rate this year,particularly in reference to acquisitions, is as "high as ever."

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