No Shutdown Deal in Sight After White House Meeting


And some Republicans see a political upside in merging negotiations over the funding of the government, with a separate negotiation process over raising the debt ceiling.

If Congress does not vote to raise the debt ceiling by Oct. 17, the country would default on its debts.

Furloughed Workers Call on Lawmakers to 'Get Their Act Together'

President Obama warned Republicans Tuesday against taking this fight to the upcoming debt-ceiling deadline.

"The last time Republicans even threatened this course of action -- many of you remember, back in 2011 -- our economy staggered, our credit rating was downgraded for the first time," Obama said in the Rose Garden Tuesday.

"If they go through with it this time and force the United States to default on its obligations for the first time in history, it would be far more dangerous than a government shutdown, as bad as a shutdown is."

"It would be an economic shutdown."

ABC News' Jeff Zeleny and Alex Lazar contributed to this report.

  • 1
  • |
  • 2
Join the Discussion
You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus
You Might Also Like...
See It, Share It
A Gilchrist county sheriffs car sits at the end of a trailer home where 7 members of a family were slain by their grandfather in Bell, FL, Thursday, Sept., 18, 2014. The grandfather, Don Spirit, pictured, also killed himself.
Phil Sandlin/AP Photo | Gilchrist County Sheriffs Office
St. Andre Bessette Catholic Church in Ecorse Michigan
PHOTO: Phoenix police officers escort Arizona Cardinals running back Jonathan Dwyer, to the 4th Avenue Jail following his arrest, Sept. 17, 2014 in Phoenix.
The Arizona Republic, David Kadlubowski/AP Photo