Business

Buffett to host Obama fundraiser in New York

Billionaire Warren Buffett plans to hold a Sept. 30 fundraiser in New York City to benefit President Barack Obama’s re-election bid, according to two Democratic officials not authorized to speak publicly about the event.

The fundraiser, reported earlier by the New York Post, will also feature former Obama economic adviser Austan Goolsbee.

Obama, who is preparing for a post-Labor Day speech about his plans for stimulating the economy, spoke with Buffett Aug. 22 by phone from his vacation on Martha’s Vineyard as he works to gather ideas on how to boost job creation and spur growth.

Full story: Buffett to Host Obama Fundraiser in New York – Bloomberg.