Warren Buffett says supports both Clinton and Obama

LAUSANNE, Switzerland (Reuters) - Billionaire investor Warren Buffett said on Tuesday he supports both Hillary Clinton and Barack Obama for president, and will continue to hold fundraisers for each of them until the Democratic Party candidate is set.

The Berkshire Hathaway chief told both Clinton and Obama he would back them before they launched their competing presidential bids, putting him in an awkward position once they both decided to run.

"I have been supporting both of them ever since. I will be very happy if either one of them is president of the United States," he said at a news conference in Switzerland, where he is seeking businesses for his investment company to acquire.

"I think they are outstanding candidates and both would make outstanding presidents," he said of the two Democrats competing to face Republican John McCain in the November presidential election.

Oregon and Kentucky are holding primaries on Tuesday, and after the results, Obama will likely be able to claim a majority of pledged delegates won in the lengthy state-by-state campaign. But Clinton has vowed to fight on until the last nominating contests are held on June 3.

(Reporting by Laura MacInnis; Editing by David Wiessler)