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'irresponsible' Obama: Shutdown Hurts Our Credibility Chip Somodevilla/Getty

Obama: Shutdown Hurts Our Credibility

"To all the American people, I apologize you have to go through this stuff every three months," President Obama said at a press conference on Tuesday, where he called on Congressional Republicans to end the deadlock, saying that those considering a default are "irresponsible" and "out of touch with reality." A large portion of Republicans know they're being unreasonable, but are too scared of Tea Party challengers to go against the grain, Obama said, calling for "every member of congress be on record" with their position. The president addressed calls to invoke the 14th Amendement to raise the debt limit, and said there was too much legal controversy over the authority—and he will not negotiate on the debt ceiling. The president also said the shutdown has caused the U.S. to miss opportunities abroad after he had to cancel an Asia trip. "It's almost like me not showing up to my own party," he said.

October 8, 2013 2:42 PM