President Obama spoke from the White House press room Thursday. The president first addressed the situation in the Philippines before making a statement on the state of the Affordable Care Act and the rollout of HealthCare.gov.
The government shutdown grinds on with no immediate relief in sight.
President Obama says he's willing to talk with Republican lawmakers about adjustments to the health care law and other issues, but only after they re-open the government and lift the threat of a federal default.
"I'm happy to negotiate with you on anything. I don't think any one party has a monopoly on wisdom. But you don't negotiate by putting a gun to the other person's head," Obama says.
Experts in negotiation say the president's stance may be justified, but it's also risky.
The Treasury Department is issuing a warning of dire economic consequences that could rival the Great Recession if Congress is unable to agree on raising the debt ceiling and the nation defaults on its obligations.