‘Endless horizon of policy cliffs’ ahead?

Beyond the situation in Syria, the federal debt-ceiling debate and other headwinds from Washington could weigh on the economy, Guggenheim Partners Senior Policy Analyst Chris Krueger said Tuesday.

"Part of the problem here is that the markets and Washington have been lulled into a type of fiscal fatigue since the 'fiscal cliff' from January," he said. "The tail risk from Washington is coming back, and, if nothing else, Washington is consistent on this issue."

(Read more: Stocks end near lows, Dow skids over 150 as Syria fears escalate; Vix spikes 12 percent)

(Read more: Trader expects 'a kiss of taper' from Fed)

On CNBC's "Fast Money," Krueger said that the market faced headwinds from the possibility of a government shutdown on Oct. 1, the implementation of the Affordable Care Act on Oct. 1 and the sequestration.

"Add on top of that the replacement for (Federal Reserve Chairman Ben) Bernanke and now, unfortunately, the situation in Syria, and you have a really nasty fourth quarter from a Washington policy-risk perspective," he added.

Krueger said that there was a remote possibility that a federal budget disaster could be averted.

(Read more: Why investors shouldn't fear Syria: David Bianco)

"There is a small chance," he said. "It's probably not better than sort of 20 percent that you get some type of grand compromise to kind of wipe out a lot of these issues because what we're likely to see by Oct. 1 is a two-week or one-month extension of government funding.

"So, I mean, really, what you're seeing here is this endless horizon of policy cliffs because keep in mind, when lawmakers find themselves on the edge of a cliff, what they like to do is build more land."

— By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro.

— CNBC's Torrey Kleinman contributed research to this report.

Trader disclosure: On Aug. 27, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long AGC; Guy Adami is long NUE; Guy Adami is long BTU; Tim Seymour is long BAC; Tim Seymour is long SBUX; Tim Seymour is long POT; Josh Brown is long DDD; Josh Brown is long AAPL; Josh Brown is long VAW; Steve Grasso is funds long MU; Steve Grasso is long BA; Steve Grasso is long BAC; Steve Grasso is long BBRY; Steve Grasso is long GDX; Steve Grasso is long GOOG; Steve Grasso is long HERO; Steve Grasso is long HPQ; Steve Grasso is long MHY; Steve Grasso is long LNG; Steve Grasso is long MJNA; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long QCOM; Steve Grasso is long S; Steve Grasso is long ASTM; Steve Grasso is long POT; Steve Grasso is long DECK; Steve Grasso is long DHI.