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Moves by Jeb Bush add to talk of 2016 candidacy

WASHINGTON — Jeb Bush's decision to release a policy-laden e-book and all his emails from his time as governor of Florida has further stoked expectations among his allies that he will launch a presidential bid.

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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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Fort Worth businessman to lead Abbott, Patrick inauguration efforts

Fort Worth businessman Ardon Moore will chair the committee running inauguration festivities for Gov.-elect Greg Abbott and Lt. Gov.-elect Dan Patrick in January, it was announced on Friday.   Moore, president of Lee M. Bass Inc. in Fort Worth, is a vice chairman of the University of Texas Investment

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Buffett: Congress won't go to point of 'extreme idiocy'

 

Chris Isidore

NEW YORK (CNNMoney) -- Warren Buffett says he's not worried that Congress will go past the point of "extreme idiocy," and refuse to raise the debt ceiling before the Treasury Department runs out of cash later this month.

"We will go right up to the point of extreme idiocy, but we won't cross it," he said in an interview on CNBC Thursday morning.

Treasury Secretary Jack Lew says that if Treasury doesn't sell more bonds by Oct. 17, it won't be able to pay its bills, including the interest on debt that's already in the market.

Buffett had very harsh words for Republicans in Congress who are threatening not to raise the debt ceiling unless Obamacare is delayed or defunded. Buffett said if that deadline is missed by just a short period of time, "it will not bring us down." But he said it's crucial to make payments on existing debt.

"When the United States government issued bonds, they said it had the full faith and credit of the United States, it didn't say the full faith and credit of the United States unless one political party is unhappy about some extraneous issue," said Buffett.

Buffett said that despite the willingness of House Republicans to shut down the federal government earlier this week over Obamacare, he doesn't believe that they will do the same with the debt ceiling.

"That won't work long term. They'll discover it won't work long term, the public will turn on them and they'll have a counter-revelation," he said.

Buffett appeared with former Treasury Secretary Hank Paulson, who served in the Bush administration during the financial crisis five years ago. Paulson was also very critical of the House Republicans who let the government shut down. He said this current crisis is "self-inflicted," because "one element that does not reflect the views of the Republican party" has "hijacked the debate." But he also doesn't believe Congress will miss the debt ceiling deadline.

"These guys may threaten to take their mother hostage, but they'll never hurt their mother," Paulson said.

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