WASHINGTON, D.C. -- The government shutdown is now into the second week.
President Barack Obama once again called on House Speaker John Boehner, reiterating the same stance he has taken since the shutdown started.
In a press conference on Tuesday, President Obama said he told Boehner he is willing to negotiate the budget and healthcare system once the government is reopened and the debt ceiling is lifted.
The President urged Boehner to hold an up or down vote on the Senate's budget proposal. However, Boehner said there are still not enough votes in the house for it to pass.
President Obama also warned about the consequences of missing the deadline to raise the debt ceiling.
"A decision to actually go through with it, to actually permit default, according to many CEOs and economists, and I'm quoting here, 'would be insane, catastrophic, chaos.' These are some of the more polite words. Warren Buffet likened default to a nuclear bomb," said President Obama.
Breaching the debt ceiling would threaten the national credit rating, home values, 401(k)s, and student loan interest rates.