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Obama: If GOP can't resolve debt standoff, 'we stand a good chance of default'
Reported by: Associated Press
Reported: Monday, October 14, 2013 12:45 PM EDT
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."
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.