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US President warns of economic shutdown

Statue of Liberty to be reopened
US national parks and monuments, including the Statue of Liberty and the Grand Canyon, are to reopen despite the federal shutdown, after states agreed to fund them, officials said. The New York agreement will allow funding for the Statue of Liberty for six days, beginning Saturday through October 17, with the state donating $3,69,300 to keep it running. — AP

Washington, October 12
President Barack Obama today appealed to Congress to pass the budget while pushing Republicans to agree to hike the borrowing limit to prevent an “economic shutdown".

“Let’s pass a budget, put people back to work, and end this Republican shutdown. Let's pay our bills, and prevent an economic shutdown,” Obama said as the government shutdown entered its twelfth day.

In his weekly address to the nation, Obama outlined details of his meetings with Republican lawmakers over the past few days to resolve the unprecedented crisis.

“I know you're frustrated by what you see in your nation's capital right now. But because it's easy to get lost in or give up on the political back-and-forth, I want you to remember: this is not normal,” he said.

The battle between Obama and Republicans, who control the House of Representatives, over the flagship healthcare plan dubbed 'Obamacare' has forced the government to shutter offices and send home hundreds of thousands of workers. Alongside the shutdown, the US is heading for a default if it does not raise its debt limit by the October 17 deadline.

"Our government is closed for the first time in 17 years. A political party is risking default for the first time since the 1700s. This is not normal. We have to put a stop to it,” Obama said. — PTI

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