Warren Buffett and his long-time friend Carol Loomis, an editor at Fortune, appeared live on CNBC's "Squawk Box" to promote a book that collects the magazine's past articles about the Omaha billionaire.

During the interview, Buffett said he expects Congress to reach a "fiscal cliff" deal but thinks it could happen after the December 31 deadline. 

This is a transcript of the entire appearance on Wednesday, November 28, 2012 at 8a ET.