Cramer: ‘Something up’ with DC budget deal
Be skeptical of the bipartisan budget deal, CNBC's Jim Cramer said Wednesday.
Washington's far-right lawmakers may turn the budget agreement reached Tuesday night into the latest vitriolic political fight instead of a long-awaited sign of gridlock clearing up, Cramer said, citing a lack of significant movement in stock futures and the looming election year in 2014.
"I still feel that something must be up with this, because if we really had Washington off the front pages, as these stories would indicate to you, then the futures should be through the roof," Cramer said on "Squawk Box" before the market opened slightly lower. "That's been the major impediment to any great rally."
(Read more: New budget deal will pass: GOP Rep. Cole)
Cramer said the lack of a "huge" move in stock futures make him "suspicious," and that conservative lawmakers such as Sen. Ted Cruz, R-Texas, could reject the deal.
"If I were Senator Cruz, if I were some of these people who just grab the mic, I don't know if I like this deal," Cramer said later on "Squawk on the Street." "I have learned to say it's not over 'til it's over with Washington."
Cramer added that Congress has not done anything to help the stock market since 2009.
(Read more: Cantor: Budget deal 'maintains savings')
"I've just come to believe that when you hear there's a deal, a grand bargain, anything good in Washington, it's the beginning of what turns out to be a very rancorous process," Cramer said. "And you wish you would never listen to the original story."
The two-year budget deal, which includes $63 billion of sequester relief and $85 billion of total savings, is expected to go before the GOP-led House this week and then the Democratic-controlled Senate.
— By CNBC's Jeff Morganteen. Follow him on Twitter at
@jmorganteen and get the latest stories from "Squawk on the Street."