Obama Says Republicans Want To Extort Him By Using Government Shutdown Threat

Made the comment at Business Roundtable meeting

President Obama on Tuesday accused congressional Republicans of mounting an unprecedented attempt to "extort" him, vowing he won't allow a pattern "by which the full faith and credit of the United States becomes a bargaining chip."

Speaking to a group of some of the nation's most powerful corporate executives at the Business Roundtable, Obama said Republicans were pursuing an "ideological fight … that says we're not going to pass a budget and threaten a government shutdown unless we repeal the Affordable Care Act."