Warren Buffett's Nonchalant Response to Fitch Downgrade

Warren Buffett, CEO and chairman of Berkshire Hathaway, dismisses Fitch Ratings' downgrade of U.S. government debt, stating that it won't affect his views on Treasurys or the U.S. dollar. The downgrade is not expected to result in forced selling of Treasurys, as many major Treasury holders had already prepared for the move. Buffett confirms that Berkshire Hathaway will continue its Treasury-buying plans, having recently purchased $10 billion in Treasurys.