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Posted AT 2:03 PM EST on 25/06/08

U.S. is in recession, and getting worse: Buffett

The Associated Press

OMAHA — Billionaire Warren Buffett has already said he thinks the U.S. economy is in a recession, and now he says the economy is getting worse. Mr. Buffett told CNBC in an interview that all the data he sees from Berkshire Hathaway Inc. subsidiaries shows the economy weakening. “Everything connected with construction and with consumer, I see weakness, and if anything, it's accentuating a little bit.

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