Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
October 31, 2014

Warren Buffett: Economic Growth is ‘Remarkably Consistent’

Investor Warren Buffett predicts a steadily improving economy with growth that has been “remarkably consistent.”

The Hill: Buffett “said even if gross domestic product figures ‘bounce around a little’ that ‘in terms of what we see, I would say that it’s been almost a straight line but not at the kind of slope that people would like, but not flat, either.'”

Following on this observation, Bloomberg reports that the Obama administration’s proposed budget predicts an “accelerating economy,” and the “economy will grow this year at its fastest pace since 2005, helping reduce the annual average unemployment rate for a fourth straight year even as market borrowing costs rise.”

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