Syria Strike Big For Obama, Not So For Markets Say Experts

Ben White, chief economic correspondent for Politico, and Zachary Karabell president of River Twice Research, talked about what steps are likely to occur in the Congressional debate over military action in

on CNBC's Squawk Box Tuesday morning. "The first thing that's going to happen is a really critical senate foreign relations committee debate today with [Secretary of State] John Kerry and [Secretary of Defense] Chuck Hagel answering questions," said White.

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He noted that congress is skeptical of the Syrian intervention. White was surprised that President Obama decided to go for congressional approval for the strike, saying that if he looses either the House or Senate votes, that it'll be a huge blow to his presidency. "[It's] a very risky strategy to go for congressional approval," said White. Karabell said that judging by the futures, this is not an event worth betting on as far as the market go. "All those headlines that we had [in August] 'Market Down On Syria Affairs', I'm not entirely clear that the market was down on Syria affairs, and it made a convenient headline because there was not a lot else going on," said Karabell. "But this is a serious political event, this is a serious international security event. It is not a serious market event."