Obama: Let's avoid 'apocalypse'
Updated On: Sep 18 2013 01:16:45 PM CDT
President Barack Obama again made his case that Congress must pass a budget and not negotiate on the health care law Wednesday, this time to business leaders.
Obama blamed an "ideological faction" of the Republican Party for the "ideological fight" currently underway in Congress over the budget.
"I'm happy to negotiate with them around the budget ... What I will not do is to create a habit, a pattern, whereby the full faith and credit of the United States ends up being a bargaining chip to set policy," Obama told the roughly 100 CEOs gathered in Washington. "It's irresponsible."
The Obama administration has marked the fifth anniversary of the collapse of Lehman Brothers this week to promote its financial policies post-recession and use the microphone to lay down their gauntlet over the impending budget and debt ceiling negotiations.
Obama spoke Wednesday after House Speaker John Boehner officially announced the House's intention to once again vote to defund the Affordable Cart Act as part of a measure to keep the government running past Sept. 30.
Although the president offered a politically charged case on Monday, he was more muted in his remarks Wednesday as he asked business leaders to use their influence to appeal to Congressional Republicans so that "apocalypse" is not promised every three months.
Obama said failure to pass a spending measure to keep the federal government operating into October would hurt the economic recovery. And although he said the overall economic picture is brighter, he pointed to stalled progress over issues like immigration as factors that are impeding growth.
Obama made the case for immigration reform specifically to the CEOs, saying reform could add "potentially a trillion dollars to our economy and that we will continue to attract the best and brightest talent around the world."
The president has met before with the Business Roundtable, members of which employ more than 16 million people, according to BRT. During previous budget and debt ceiling negotiations, the group has lobbied, sometimes with significant funds, against shutting down the government.
Earlier Wednesday the group released a survey that said they expect a decline in the U.S. economy in the third quarter and hiring to remain essentially flat.
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