Buffett: Unemployment Likely to Hit 11 Percent

Summary


WASHINGTON -- Legendary investor Warren Buffett said in an interview aired on Thursday that unemployment could hit 11 percent and a second stimulus package might be needed as the economy struggles to recover from recession.

Buffett, the billionaire founder of Berkshire Hathaway, said Americans suffered "a shock to the system" from the economic difficulties in the final quarter of last year but had started to rebound.

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Buffett: Unemployment Likely to Hit 11 Percent

"We're not in a freefall, but we're not in a recovery eithe...

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