The debt debate stalls, what could happen if there is no deal by August 2nd? Interest rates could climb and lending to small business would be even more limited. But what does this all mean when it pertains to our wallet? How does this impact our families if there is no increase the debt ceiling? Ed Butowsky, wealth manager with Chapwood Investment Management joins Fox News and Friends to discuss what to expect.
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.
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Tags: congress, crisis, debate, debt, debt ceiling, families, inflation, market, money, small business, stock, wealth manager