Buffett: Women Will Save the Economy

Women will save the American economy, billionaire investor Warren Buffett has predicted.

As fears grow that the United States is preparing to plunge over the "fiscal cliff", the octogenarian philanthropist said he expected a deal to be reached to avoid automatic austerity measures kicking in.

But over the longer term he said he was particularly optimistic about prospects for the US because the country was finally beginning to harness the full potential of women.

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