- Obama urges Congress to lift threats from US families and businesses
- Obama says he has not seen a serious proposal from Republicans that would allow both sides to resolve core differences
- Told Boehner he is happy to talk with Republicans about anything but that should not require having a shutdown or economic chaos held over the heads of American people
- A decision to default would be insane, catastrophic, chaotic
No new ground here, no movement. Obama will take questions from the press after his statement.
Stocks are really taking a beating now with the Nasdaq down 2%. The VIX is up a whopping 8%.
