When Treasury Secretary Tim Geithner proposed a permanent debt ceiling extension during the last round of negotiations, McConnell reportedly laughed in his face.

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The U.S. government narrowly avoided a shut down, but a permanent solution to nagging debt and other budget issues must still be negotiated.

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It is clear that he would never allow Berkshire Hathaway (let alone his personal finances) to operate with substantial debt and permanent operating losses.

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