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Obama Calls Warren Buffett: Prostate Cancer Diagnosis Leads President To Wish Him Well

04/18/12 01:32 PM ET AP

Obama Calls Warren Buffett
SUN VALLEY, ID - JULY 07: Warren Buffett, chairman of Berkshire Hathaway, attends the Allen & Company Sun Valley Conference on July 7, 2011 in Sun Valley, Idaho. (Photo by Scott Olson/Getty Images)

WASHINGTON -- The White House says President Barack Obama has called Nebraska billionaire investor Warren Buffett, a day after Buffett said he had been diagnosed with early-stage prostate cancer.

White House press secretary Jay Carney says the president spoke briefly with Buffett and "wished him well." Buffett told shareholders in a letter released late Tuesday that his condition is "not remotely life-threatening."

Obama has called his proposal to raise taxes on millionaires the "Buffett rule." Buffett has complained that he pays a lower tax rate than his secretary, a problem he says is indicative of a lack of fairness in the tax code.

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Filed by Chris Gentilviso  |