Congress out of way for next 9 months: Senator Corker

Sen. Corker: There was no game plan

With the debt ceiling issue now settled until next year, Congress won't be in a position to do damage to the economy or the stock market for a while, Sen. Bob Corker, R-Tenn., told CNBC on Thursday.

"I think we're in the state we're going to be in between now" and midterm elections in November, he added in a "Squawk Box" interview.

Wednesday evening, the Senate sent the measure to increase the nation's borrowing limit to President Barack Obama, following a tense procedural tally forced by the objections of Sen. Ted Cruz, R-Texas, a tea party favorite.

Critical of Cruz's attempt to derail the vote, Corker said: "From the standpoint of Congress doing damage to the economy over the next nine to 10 months, I don't think that's going to happen."

He then turned his attention to the midterm elections—saying they "should be about which party responsibly can put our country on stronger fiscal footing."

He said he hopes the discourse in Washington will be about those issues and "not the shenanigans of shutting down the government."

Corker was not asked about the situation in his home state, where more than 1,500 hourly workers at the Volkswagen Chattanooga factory are voting through Friday on whether to unionize.

It's the closest the United Auto Workers has come to organizing a foreign automaker's plant in 27 years, following many failed attempts.

(Read more: UAW looks to make history at VW plant in Tennessee)

On Wednesday, Corker said he's been "assured" if workers at the VW plant reject United Auto Workers representation, the automaker will reward the facility with a new product to build.

In the past few weeks, Volkswagen officials have said the vote will have no bearing on whether a new SUV will be made in Chattanooga or in Puebla, Mexico.

Corker has long been an opponent of the union, which he says hurts economic and job growth in Tennessee, a charge that UAW officials say is untrue.

—By CNBC's Matthew J. Belvedere. Follow him on Twitter @Matt_SquawkCNBC. Reuters contributed to this article.