President Barack Obama, who has been under a great deal of heat recently over the government shutdown, has hit back at extreme Republicans as being responsible. Money News reported on Oct. 8, 2013, "Obama Tells Congress Threat of Default Weighing on Economy." Obama has said that the risk of a U.S. default is real and has blamed “a few irresponsible members of Congress” for creating a threat that places the economic recovery at risk.
Obama has declined to comment on whether the government would set priorities to pay holders of U.S. government notes first over paying Social Security recipients or members of the military if Congress refuses to raise the federal debt ceiling.
The president said at a White House news conference, “I’m going to continue to be very hopeful that Congress does not put us in that position.” Obama than made it clear he is willing to negotiate with Republicans only if they agree to reopen the government and raise the nation’s debt ceiling wit no conditions.
NBCNews.com has reported, "Obama to GOP: Stop 'forcing' John Boehner to make threats against economy." At a press conference on Tuesday Obama accused extreme members of the House of Representatives of extortion. He commented he's willing to discuss the budget with anyone on Capitol Hill.
Obama has also said, “I’m not going to do it until the more extreme parts of the Republican Party stop forcing House Speaker John Boehner to issue threats about our economy." Obama has hinted the nation will be confronted with a catastrophe if an agreement on the debt ceiling isn't reached by Oct. 17, and the country goes into default.