Obama On Shutdown: ‘We Don’t Know Yet The Full Scope Of The Damage’

President Barack Obama speaks about the government shutdown and debt limit, Tuesday, Oct. 8, 2013, in the James Brady Press Briefing Room of the White House in Washington. The president called House Speaker John Boeh... President Barack Obama speaks about the government shutdown and debt limit, Tuesday, Oct. 8, 2013, in the James Brady Press Briefing Room of the White House in Washington. The president called House Speaker John Boehner saying he won't negotiate over reopening the government or must-pass legislation to prevent a US default on its obligations. (AP Photo/Charles Dharapak) MORE LESS
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President Barack Obama on Thursday decried repeated political brinkmanship over the government shutdown and the federal debt ceiling that has caused untold damage to the American economy and standing abroad.

“Let’s be clear: there are no winners here,” Obama said in a statement from the White House. “We don’t know yet the full scope of the damage.”

“There was no economic rationale for all of this,” he added, arguing that lawmakers in Washington should refrain from playing games over the full faith and credit of the U.S. in the future.

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