Warren Buffett predicts feds will raise taxes to get massive fiscal deficit under control

Warren Buffett predicts the U.S. government will need to increase taxes to manage the growing fiscal deficit, as discussed during Berkshire Hathaway's annual meeting. The Congressional Budget Office forecasts that federal deficits will escalate significantly by 2054. Buffett highlighted the lack of alternatives to U.S. debt securities, given the dollar's status as the leading reserve currency, despite concerns from the IMF about long-term fiscal stability due to current spending levels.