Billionaire Warren Buffett told congressional negotiators that if they can't agree on a proposed financial bailout, the nation will face "its biggest financial meltdown in American history," two sources familiar with the talks said.
Word of Buffett's omen came hours before Democrats posted a draft of the bailout bill online and House Speaker Nancy Pelosi said Sunday afternoon she hoped the chamber would vote Monday.
Buffett, whom Forbes magazine has placed at No. 2 on its 2008 list of richest Americans, was one of several business experts whose opinions were sought, Sen. Kent Conrad, D-North Dakota, told reporters Saturday. Read full article »
CNN's Ed Henry contributed to this report.