CNBC Transcript: Warren Buffett on ‘Fiscal Cliff’ and Taxing the Rich

When Warren Buffett talks, people listen. Here’s what he’s saying right now:
Warren Buffett and his long-time friend Carol Loomis, an editor at Fortune, appeared live on CNBC’s “Squawk Box” to promote a book that collects the magazine’s past articles about the Omaha billionaire.During the interview, Buffett said he expects Congress to reach a “fiscal cliff” deal but thinks it could happen after the December 31 deadline.This is a transcript of the entire appearance on Wednesday, November 28, 2012 at 8a ET.

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