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President Obama: Without deal 'good chance of default'

11:47 AM, Oct 14, 2013   |    comments
President Obama (Photo: Carolyn Kaster, AP)
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WASHINGTON (AP) - President Barack Obama says that if Republicans can't resolve the standoff over the debt ceiling and the partial government shutdown, quote, "we stand a good chance of defaulting."

Obama was at a Washington D.C. charity that has been highlighting the effects of the partial government shutdown by inviting furloughed workers to volunteer. The agency, Martha's Table, is also offering assistance to federal employees who are not being paid and need emergency aid.

The visit comes on the 14th day of the shutdown and just three days before the Treasury says Congress must increase the nation's borrowing limit or risk a government default.

Later Monday, Obama was meeting with the bipartisan congressional leadership.

Obama says the problem is politicians using brinkmanship to extract partisan concessions.

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