Message to Washington from a top money manager: Don't even think of another fiscal confrontation like the one the country just struggled through.
The government shutdown that stretched on for more than two weeks damaged the economic credibility of the United States and could have lingering effects without a long-term budget deal, Jeffrey Gundlach, CEO and chief investment officer of DoubleLine Capital, told CNBC on Thursday.
The compromise signed by President Barack Obama early Thursday extended the debt ceiling until Feb. 7 and reopened the government by approving funding until Jan. 15. That means the country could be brought to another budget crisis in a few months.
"I think it slowly keeps eroding in the wrong direction," said Gundlach about the impact of ongoing D.C. wrangling on U.S. credibility. "It feels like we're in the movie 'Groundhog Day.' The last five months have been such a weird ride and it looks like it's going to be coming up again in just a few months."