Warren Buffett Speaks Out Against Handling of Banking Crisis
Speaking to Berkshire Hathaway shareholders on Saturday, Warren Buffett criticized how regulators and lawmakers have handled recent bank failures and said that the ongoing debt ceiling showdown will sow even more chaos.
The U.S. economy surprisingly accelerated to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates resulting from the Federal Reserve’s 16-month-long fight to bring down inflation.