Budget impasse 'a wash' for markets: Shiller

VIDEO0:4100:41
Shiller: No 'clear outcome' for markets from budget fight

The stock market has been neither winner nor loser during the ongoing budget impasse, Robert Shiller told CNBC Tuesday, a day after winning the Nobel Prize in economics.

With Congress apparently nearing a deal to settle a battle that has pushed the U.S. to the brink of defaulting on its debt, the Yale economist said equities have little to show for it in either direction.

"Part of what's under grabs in Congress right now is this traditional American spirit that you can make money and you can keep it," Shiller said in a "Squawk Box" interview. "That's under debate now, so we have this budget, this debt crisis."

Related Tags