The Treasury Department warned on the third day of the federal government shutdown that a debt default due to congressional “brinkmanship” could cause markets to freeze, the value of the dollar to plummet and U.S. interest rates to skyrocket—resulting in a financial crisis and recession echoing the one in 2008.
But clear partisan divide continues. The same day, President Barack Obama said in comments from Rockville, Md., that the shutdown could end Thursday if House Speaker John Boehner would get out of the way. “There are enough Republicans and Democrats in the House of Representatives today that if the speaker of the House, John Boehner, simply let the bill get on the floor for an up-or-down vote, every congressman could vote their conscience, the shutdown would end today.”
Said Obama: “The only thing that’s preventing all that from happening right now today, in the next five minutes, is that Speaker John Boehner won’t even let the bill get a yes or no vote because he doesn’t want to anger the extremists in his party.”
But Boehner said in response to Obama’s remarks that “Republicans have sent bill after bill after bill to the Senate to keep the government open, and Democrats have rejected every one of them – refusing to even talk about our differences. We want to resolve this dispute as soon as possible, but that will require Washington Democrats to realize neither side gets everything it wants.”
Continued Boehner: “With Obamacare proving to be a train wreck, the president’s insistence on steamrolling ahead with this flawed program is irresponsible.”