Obama: Shutdown Will ‘Throw Wrench’ Into Economy
He says it would "throw a wrench into the gears" of a recovering economy.
He urges the House to pass a short-term spending bill free of any conditions that would weaken the nation’s 3-year-old health care law.
Obama spoke Monday after the Senate rejected a House proposal to delay implementation of the health care law. House Republicans were preparing to vote on another stop-gap spending measure, this one putting off a requirement that people must obtain health insurance.
The White House issued a veto threat to that proposal shortly after GOP leaders proposed it.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.
President Barack Obama says he’s "not at all" resigned to a government shutdown. He says he expects to speak to congressional leaders during the day and in ensuing days to address budget and debt impasses.
The president addressed the looming shutdown after meeting with Israeli Prime Minister Benjamin Netanyahu (neh-ten-YAH’-hoo). He also planned to speak from the White House briefing room Monday afternoon.
Obama’s remarks follow the Democratic-led Senate’s rejection Monday of a short-term spending proposal passed by the House. It contained a one-year delay on the nation’s health care law.
The two chambers are trying to reach an agreement to avert a shutdown looming at midnight Monday.
The spending fight is a prelude to a bigger confrontation over the nation’s credit limit, expected to hit in mid-October.