Who knows? Compared to the projected deficit, I think merely a hiccup. If the market dives on a poor or no resolution, suggest we all get our "buy the dip" money ready to deploy.
It's political theatre...Just look at how the "markets" function nowadays. Real corporate earnings are merely "background noise" to the nonsensical mutterings of our various political "leaders". Boehner mutters some b.s. reference to a deal or Pelosi can say talks are " constructive" and the markets put in a v-bottom and rally for hundreds of points. In Europe, Draghi and Merkel can go about their "good cop/bad cop" routine for weeks at a time. Nobody gives a shit whether the economy is good/bad/neutral, it's all about whatever the central planners intend to do(not do). The whole game is up when politicians become the "Masters of the Universe" and can decide the fate of the markets. It's a complete abomination.