President Obama delivered a statement and took questions from reporters on the partial government shutdown and the looming fight over reaising the federal debt ceiling on Oct. 8 at the White House.
PRESIDENT OBAMA: Good afternoon, everybody. I am eager to take your questions, so I'll try to be brief at the top.
This morning I had a chance to speak with Speaker Boehner. And I told him what I've been saying publicly, that I am happy to talk with him and other Republicans about anything -- not just issues I think are important but also issues that they think are important. But I also told him that having such a conversation, talks, negotiations shouldn't require hanging the threats of a government shutdown or economic chaos over the heads of the American people.
Think about it this way, the American people do not get to demand a ransom for doing their jobs. You don't get a chance to call your bank and say I'm not going to pay my mortgage this month unless you throw in a new car and an Xbox. If you're in negotiations around buying somebody's house, you don't get to say, well, let's talk about the price I'm going to pay, and if you don't give the price then I'm going to burn down your house. That's not how negotiations work. That's not how it happens in business. That's not how it happens in private life.