Buffett pledges 15% of income to boost US economy

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Billionaire investor Warren Buffett has pledged to give a chunk of his income to help pay down the US' national debt, if politicians do the same.

Buffett, one of the richest men in the world, said he would donate 15%of his income to the government, provided that 10% of Congress agreed to do so as well. Speaking to Bloomberg, Buffett reportedly said: "If you can get a significant percentage of Congress to do that, I would do it," he said. "10% of Congress, sure. "It is not that contributions will amount to anything significant - but it draws attention to it [the issue]." Buffett, the 81-year-old chairman and chief executive of Berkshire Hathaway, has long campaigned for the richest Americans to do more to boost the economy an...

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