“Absolutely there are risks,” said Third Way's Jim Kessler. "The fight is the victory. They want a fight. And they're going to get one."

In talk show appearances ahead of a sit-down with Trump to hash out the looming government shutdown, both sides continued digging in their heels.

Wall Street braces for a U.S. government shutdown as payroll data stalls, leaving the Fed and investors flying blind on key economic signals.