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Wednesday
Dec152010

Obama Confers with Billionaires Bill Gates and Warren Buffett

Photo Courtesy - ABC News(WASHINGTON) -- President Obama invited Microsoft co-founder Bill Gates and investment mogul Warren Buffett to the Oval Office Tuesday to discuss a number of issues, including ideas to generate economic growth, and investing in education to better prepare the next generation of Americans.

The White House says Gates’ wife, Melinda Gates, also took part.  The meeting also focused on the trio’s “Giving Pledge,” an initiative that encourages the country’s richest citizens to commit a majority of their wealth to philanthropy.

President Obama has consulted with Buffett several times about economic issues but hasn't always followed the billionaire’s recommendations.  Buffett has previously stated that he favored allowing the Bush-era tax cuts for the nation’s wealthiest individuals to expire at the end of 2010, a viewpoint Obama had before reversing himself in a compromise with GOP leaders on Capitol Hill.

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