August 1 | CNBC

What to Make of the Debt Deal | In the hours after the announcement of a Congressional deal on raising the debt ceiling, Sam Chandan speaks with the CNBC's Squawk Box about the implications of the agreement for the US and global economies. Dr Chandan tells CNBC that the debt deal does not go far enough, and that restructuring of federal revenues and expenditures will be one of the central issues of the 2012 presidential election.

Watch the video at the CNBC website.