Warren Buffett says taxes may rise to offset widening US deficits

Warren Buffett predicts that the U.S. will likely raise taxes to manage the growing fiscal deficits, as mentioned during Berkshire Hathaway's annual shareholder meeting. He indicated a preference for tax increases over spending cuts to address the deficit, which is projected to worsen significantly by 2054 according to the Congressional Budget Office. Buffett also expressed concerns about fiscal policies potentially being more problematic than the Federal Reserve's actions on inflation.