Billionaire Helps Raise Millions For Clinton

From CBS News' Fernando Suarez:

SAN FRANCISCO -- Hillary Clinton's visit to the Golden State today was most certainly that, as she raked in over $1 million at a fund-raiser with multi-billionaire Warren Buffett of Omaha-based Berkshire-Hathaway.

Clinton and Buffett took the stage at the grand ballroom at the San Francisco Hilton to a standing ovation, despite being over an hour late. Both then sat on the stage before a banner which read "Ready to Lead:"

The event was billed as a "Conversation with Warren Buffett" where Clinton asked pre-written questions from audience members to Buffett on a variety of economic issues. But Clinton didn't miss a beat, knowing that sitting before this crowd of 1,200 or so potential voters she had to inject her campaign talking points.

After hearing a long detailed answer from Buffett on derivatives, for example, Clinton would add a bit from her usual stump speech about Americans facing the current housing crunch.

Although Buffett has not endorsed Clinton, he has hosted several fundraisers for her. He has also hosted a fund-raiser for her Democratic opponent, Barack Obama.

At one point Clinton asked Buffett about tax disparity, to which he said jokingly, "It is a marvelous, marvelous time to be super rich," referring to the Bush Administration's tax cuts for the wealthiest of Americans.


Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App