With all the talk about another government shutdown, we're now hearing about the many ways such an action could affect your daily life. But what about your holdings in the stock market, like your retirement or investments? YNN's Geoff Redick has the latest on how Washington, D.C. is affecting Wall Street.
UNITED STATES -- "We should've been doing a budget," said Representative Paul Tonko.
But instead, Congressman Paul Tonko returns to Washington, D.C. Wednesday to begin talking compromise.
Republicans in the House have sent a bill to the Senate funding the government, but defunding President Obama's Affordable Care Act. Tonko, a Democrat, expects to get a bill back from the Senate that funds both.
If the House cannot pass that eventual bill or find compromise, the U.S. government shuts down in one week.
"I am just hopeful that cool heads will prevail and that we'll understand the consequences of our action or inaction, whatever the case may be," Tonko said.
One of those consequences lies along Wall Street in New York City where, already, YNN analysts say investors are uneasy.
"You saw last week, in fact on Friday, you had this dramatic drop and that was because the smell of it, the scent of it, scares Wall Street. It's that skittishness, that uncertainty," said Diane King Hall.
The last time Congress threatened a government shutdown was in 2011. When the smoke cleared from that fight, credit rating agency Standard & Poor's downgraded the United States credit rating. Wall Street plummeted. The recovering U.S. economy faltered.
"I don't know that you'll see that same level of reaction. Wall Street took some chips off the table, I guess to be safe, if you will, but I don't think Wall Street expects the same type of turmoil we had then," King Hall said.
But to be sure, every day that Wall Street grows uneasy, the market approaches a dangerous tipping point. It's a fact some Republicans like Chris Gibson are recognizing and reacting to.
Gibson said, "There absolutely is a compromise out there. A good compromise."
For example, Gibson does not want to defund the health care law, at least not now. Instead, he's proposing to push its implementation down the road.
"If we delay the healthcare law to January 2015, lift the sequester and move it to January '15 as well. This is a way that we can come together, focus on growing the economy," Gibson said.
On Tuesday, Texas Senator Ted Cruz began a strategic speech in the Senate expected to last well into Wednesday. That delays any immediate action on the bill. A slow timeline is expected throughout the weekend and the real movement will happen Monday night, the deadline to fund the government before it shuts down.