Welcome to 2 Question Tuesday. This week’s client submitted questions were:

1. How will the debt ceiling debate affect my money?
2. Is the housing market close to finding a floor?

Phil, Mike, and Larry examine the debt ceiling debate going on in Washington and what it means for the markets and people’s money if it continues to drag on. They also look at the current state of the housing market, which plunged to a 12-year low in December. With housing resales down 34% year over year, they consider whether the market is close to finding a floor or beginning a sharp correction.

Submit your questions to question@2questiontuesday.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.