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12/15/20

Warren Buffett: Small businesses have become collateral damage during pandemic



"It's so important that small businesses, which have become collateral damage in a war that our country needed to fight, but we, in effect, voluntarily had an induced shut down of parts of the economy, and it hit many types of small businesses very, very hard," Berkshire Hathaway's Warren Buffett told CNBC's "Squawk Box" on Tuesday. "We made some provision for that in March in terms of the CARES Act, but then nobody really knew how long this self-inflicted recession would last with this particular effect on small businesses, so we need another injection to complete the job."


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