Barack Obama has warned opposition politicians to stop using “threats and extortion” over the ongoing US government shutdown.
The president, addressing a news conference, said the American people don’t demand a ransom for doing their jobs, so neither should Republicans.
The US government closed down on October 1, when Congress was unable to agree a budget. Republicans, who control the House of Representatives, refused to approve the budget, claiming they would only do so in exchange for concessions over Obama’s controversial healthcare reform law.
Obama now says he is willing to talk about any issues once Congress has voted to re-open government and raise the debt ceiling.
He said: “I will sit down and work with anyone of any party not only to talk about the budget, I’ll talk about ways to improve the healthcare system.”
He added that ordinary Americans would suffer if the debt ceiling wasn’t raised and the country defaulted.
Obama said: “A decision to actually go through with it, to actually permit default according to many CEOs and economists would be and I’m quoting here ‘insane catastrophic chaos’ , these are some of the more polite words. Warren Buffet likened default to a nuclear bomb.
“We can’t make extortion routine as part of our democracy. Democracy doesn’t function this way. And this is not just for me. It’s also for my successors in office, whatever party they’re from.”
Obama said that if Congress refused to raise the debt ceiling, America would not be able to meet its financial obligations for the first time in 225 years.
The US has until October 17 to raise its borrowing limit before it risks defaulting.
The shutdown has delayed talks with the European Union over a free trade deal.
- 1Snowden, Assange and Manning statues unveiled in Berlin | euronews, world news
- 2Chomsky says US is world’s biggest terrorist | euronews, the global conversation
- 3euronews live TV - News | euronews : the latest international news as video on demand
- 4Nepal: ‘equally big earthquakes coming in eastern regions,’ expert tells euronews | euronews, world news
- 5It’s a girl: Britain’s Duchess of Cambridge gives birth in London | euronews, world news
- 6How Nepal earthquake devastated Kathmandu’s UNESCO heritage | euronews, world news
- 7Chernobyl Children: what makes Ukrainians born in 1986 different? | euronews, world news
- 8Juncker to Hungarian PM Orban: “Hello, Dictator!”
- 9International breaking news | euronews online world breaking news in video
- 10Exclusive: unrest in FYR Macedonia could hit other Balkan countries warns Serbian PM | euronews, world news
- 11Evidence of ancient wine found in Georgia a vintage quaffed some 6,000 years BC
- 12Andrea Ferrari: the graphene guru | euronews, science
- 13International tv news | euronews: European and International tv news bulletin
- 14Portuguese language reform law goes global | euronews, world news
- 15EU membership remains Serbia’s priority, says PM Aleksandar Vucic | euronews, the global conversation
- 16Watch: France’s Jean-Marie Le Pen clashes with UKIP MEP Woolfe | euronews, world news
- 17Spain: the viral soldiers fighting in Madrid and Barcelona mayoral races | euronews, world news
- 18How young translators are helping knit European culture together | euronews, generation y
- 19eurovibes - a selection of Europe’s best music talent
- 20We will not be moved! China’s urban spread resistance [PHOTOS]
Wires > News
- 04:41 CET China clamps down on 181 “terror gangs” in west
- 00:35 CET Polish president concedes election defeat to conservative…
- 00:24 CET Indonesia’s military creeps back into civilian affairs
- 23:20 CET Libyan government warplanes attack oil tanker docked at Sirte
- 21:11 CET Greece hasn’t got the money to make June IMF repayment – interior…
- 20:54 CET Syria says Islamic State kills hundreds, including children, in…
- 20:27 CET John Nash, mathematician who inspired ‘A Beautiful Mind’, killed…
- 18:50 CET Ex-advisor to Peruvian president disappears in Bolivia