Treasury Secretary Jack Lew has warned the United States won't be able to pay its bills after Oct. 17, including paying interest on the debt that's already in the market, putting the country into default unless the debt ceiling is raised.
Buffett, who appeared with former Treasury Secretary Henry Paulson on CNBC Thursday, said when the United States government issues bonds, they're issued with "the full faith and credit of the United States ... [not] the full faith and credit of the United States unless one political party is unhappy about some extraneous issue."
Read more: http://www.upi.com/Top_News/US/2013/10/04/Warren-Buffett-sees-light-at-end-of-the-debt-ceiling-battle/UPI-63791380915971/#ixzz2gqFT0oHs
