Buffett to host fundraiser for Obama - Aug. 25, 2011

Buffett to host fundraiser for Obama - Aug. 25, 2011

Billed as an "Economic Forum Dinner with Warren Buffett," the fundraiser will be held at the Four Seasons restaurant in New York and moderated by former Obama economic adviser Austan Goolsbee, according to a schedule obtained by Politico.

The event will bring in a pretty penny for the campaign. The base price is $10,000, while a $35,800 donation will buy a VIP reception with Buffett, according to the schedule.

The Democratic National Committee confirmed the fundraiser was happening, but was silent on the details.

Last week, Buffett made clear -- in a very high-profile way -- that he supports one of Obama's key policy goals: Higher taxes on the rich.

"My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice," the Berkshire (BRKA, Fortune 500) founder wrote in a New York Times opinion piece.