Regardless of the outcome of the tightly contested presidential election, real estate mogul Donald Trump told CNBC's "Squawk Box" on Tuesday that both sides will finally sit down and deal with the country's fiscal problems.
Trump is expecting a very close election. "This thing could go a long time before we find out who the winner is," he said. (Read More: Presidential Election 2012: 5 More Nail-Biters.)
He said Hurricane Sandy probably took away some of the Republicans' momentum because for most of last week no one was talking about President Obama's record. (Read More: Hurricane May Help Swing Election to Obama: Trump.)
"The people that are backing President Obama say he's going to win," Trump said. "The people that are backing Governor Romney are saying it's going to be a close election."