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Warren Buffett: U.S. recession is unlikely

By Jennifer Liberto, CNN

Billionaire Warren Buffett says it's unlikely that the U.S. economy will fall into another recession, calling the chances "very low."
Buffett, the chairman and CEO of investment firm Berkshire Hathaway, acknowledged to economists gathered in Washington on Tuesday that there is a threat of spill over affect from the European debt crisis. And he said the Europeans need to get there act together.
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