Fears have been growing about what will happen if the America falls off the so-called "fiscal cliff".
Big tax hikes and spending cuts which will automatically kick in if politicians from both political sides do not reach an agreement within the next month.
Kai Ryssdal of Marketplace, the BBC's partner station in the US, asked Warren Buffett if now is the time for Americans to tackle their fundamental budget problems.
Mr Buffett, a legendary US investor, explained that he is feeling "more bullish than ever" about the American economy.
He went on to express his optimism about overall growth in the US: "We still have a machine that moves forward... if you look at the markers at where the tide is going, it just keeps coming."
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