NEW YORK (CNNMoney.com) -- Warren Buffett expressed his confidence in the U.S. economy and ruled out the possibility of a double-dip recession, according to a published report.
"I'm a huge bull on this country," said the Omaha, Neb.-based billionaire investor and philanthropist, speaking via video connection to the Montana Economic Development Summit, according to Bloomberg News.
"We will not have a double-dip recession at all," he said. "I see business coming back almost across the board."
Buffett told the assembly that American banks had become more open to lending again and he encouraged entrepreneurs to seek financing.
"It's night and day from a year, year and a half ago," he said, according to the Bloomberg report. "I know Wells Fargo, they would love to have $50 billion more of loans now. Go in and talk to the banker."
Russia's central bank has burned through more than $110 million in foreign currency reserves so far this year to try to stop its currency from plunging and contain the crisis threatening its economy. More
According to data from Google Trends and GrubHub, Chinese food remains the most popular type of food order on Christmas. More
After losing their daughter to liver failure and getting hit with $200,000 in student loans, the Mason family is finally getting financial relief. More