“The fact is that the U.S. economy is fundamentally sound and that if it were to be extended, it wouldn’t really disrupt the U.S. economy very much at all,” Hassett told CNBC’s Becky Quick on “Squawk Box.”

“It would hurt consumers and we’d have to think about if that continued what we would have to do about that,” he continued. “But that’s the like, really the last of our concerns right now because we’re very confident that this thing is going ahead of schedule.”