Sequester is 'Terrible Way' to Cut Expenses: Buffett

Monday, 4 Mar 2013 | 7:36 AM ET

Warren Buffett, Berkshire Hathaway chairman & CEO, says the country has "taken a shot" at reducing the deficits by cutting expenses and raising taxes but the nation will still be left with a $trillion deficit. Buffett, also answers a viewer question about why he is optimistic about the U.S. economy.