Obama: ‘Good Chance of Defaulting’ if GOP Doesn’t Cave

President Obama on Monday said the federal government faces a “good chance of defaulting” if Republicans can’t unite behind a plan to raise the nation’s borrowing limit.

Obama made the remarks during a surprise visit to a D.C. food bank Monday, leaving the White House to meet with furloughed federal workers who have been doing volunteer work during the government shutdown.

“This week if we don’t start making some real progress, both the House and the Senate and if Republicans aren’t willing to set aside their partisan concerns in order to do what’s right for the country, we stand a good chance of defaulting,” the president told reporters.

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