Warren Buffett explains the simple reason why the US will never default on its debt

Summary: The U.S. Treasury is borrowing $3 trillion in three months to pay for the pandemic response, a record sum that dwarfs the $1.8 trillion borrowed in 2009 during the financial crisis. The debt will be sold in bonds to a variety of foreign and domestic investors. At the 2020 Berkshire Hathaway Annual Shareholders Meeting on Saturday, which was closed to the public due to Covid-19 but livestreamed on Yahoo Finance, billionaire investor Warren Buffett carefully explained in simple terms why the U.S. will never default on its debt.