Reuters - The U.S. House of Representatives on Wednesday passed and sent to the Senate a $289 billion, five-year farm bill that expands nutrition and biofuel programs in the face of President George W. Bush's promise to veto it.

Reuters - Warren Buffett, the world's richest person, said on Sunday the U.S. economy is in recession, "as I define it."

Reuters - Warren Buffett on Sunday said he does not expect financial markets to panic as write-downs and losses for bad debts mount in the financial services industry, but said those losses were not over "by a long shot."

Reuters - Warren Buffett told shareholders of his Berkshire Hathaway Inc (BRKa.N) (BRKb.N) not to expect the out-sized gains his insurance and investment company has historically enjoyed, but they could still sleep well owning its stock over the long haul.

Reuters - Warren Buffett said on Saturday said the U.S. Federal Reserve avoided financial market "chaos" in coordinating the March bailout of Bear Stearns Cos , which faced imminent bankruptcy before agreeing to be acquired by JPMorgan Chase & Co .

Reuters - Warren Buffett said on Saturday he does not expect the credit default swap market to collapse, and possibly throw financial markets worldwide into chaos.