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Old Man Buffett Sees Little Chance of Recession Unless Euro Debt Crisis Spreads

“WASHINGTON (AP) — Despite recent signs of weakness, the U.S. economy isn’t likely to slip back into a recession, Warren Buffettsaid Tuesday. He also said both political parties deserve blame for the federal government’s failure to reduce the deficit.

Speaking at the 25th anniversary dinner of the Economic Club of Washington, the billionaire investor said he sees the odds of a renewed recession as “very low.”

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