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By Marlo Jappen
President Obama blamed House Speaker Boehner for the shutdown and said an economic recession will ensue if the political gridlock leads to a government default later this month.
“The worst part is this time it’s not because of a once in a lifetime recession,” he said. “This isn’t happening because of some financial crisis — it’s happening because of a reckless republican shutdown in Washington.”
According to Obama, Boehner is preventing a vote on a funding bill because he doesn’t want to anger extremists in his party.
He also said that there will be worse effects if lawmakers don’t raise the debt ceiling. The US government will reach its limit for borrowing mid-October if the ceiling isn’t lifted. The treasury reported that defaulting on the nation’s debts could freeze our market and decrease the value of our dollar as well cause our interest rates to soar.
The president has met with congressional leaders including Boehner on Wednesday, but no agreement was reached. Obama asked Boehner to quickly hold a vote on a bill that doesn’t include extra demands.
Boehner told reporters that Obama has used the meeting to announce that he won’t negotiate over his Affordable Care Act. “All we’re asking for here is a discussion and fairness for the American people under Obamacare,” he said.
The House attempted to pass bills that will fund high-profile programs that were cut off from the shutdown which started Tuesday. The president has vetoed these bills. Democrats are insistent that Republicans pass the Senate’s version of a spending bill that would protect the president’s healthcare act.
Obama agreed to discuss healthcare, but only after Congress reopens the government.
“Take a vote, stop this farce, and end this shutdown right now,” the president said.