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Washington’s money watchdog, the Congressional Budget Office (CBO), issued a warning that economy is heading over a cliff in seven months if lawmakers don’t go to work to prevent massive tax hikes and automatic spending cuts kicking in January 1st. Now if they do nothing, the CBO says that a recession is guaranteed, is that in fact the case? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News Bulls & Bears to discuss if the CBO is in fact right and are we heading into another recession.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: cbo, congressional budget office, economy, financial, financial advisor, money, recession, spending cuts, tax hikes, wealth manager