Warren Buffett sat down with President Barack Obama in the Oval Office at the White House today (Wednesday).
According to a White House official, the two men met "to discuss the economy and our ongoing efforts to work with the private sector to stimulate growth and create jobs."
CNBC's John Harwood also reports that Obama noticed Buffett's tie was frayed, prompting the president to give Buffett a new, gift-wrapped, red tie.
In this photograph of the session, taken and released by the White House, Buffett is wearing a red tie. Harwood, however, tells me he believes the new tie stayed in its gift box, so we're presumably looking at the disreputable neckware Buffett was wearing when he arrived for the meeting.