Buffett Unfazed by Fitch's Downgrade

Warren Buffett is unconcerned about Fitch Ratings' downgrade of US credit from AAA to AA+. He stated that his company, Berkshire Hathaway, recently purchased $10 billion worth of US Treasuries and plans to continue buying more. Buffett's confidence suggests that he, like others on Wall Street, believes the downgrade will have minimal long-term negative effects on the economy, the government's borrowing ability, or the safety of US Treasuries.