US shutdown: No progress on stalemate between Republican Party, Democrats

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The political impasse in the US Congress over budget showed no signs of easing as the first meeting between President Barack Obama and lawmakers since a budget deadlock shutdown wide swaths of the federal government failed to yield any result forcing him to slam the Republican Party for its recalcitrance.

Barack Obama told lawmakers that he is not going to negotiate over the need for Congress to act to reopen the government or to raise the debt limit to pay the bills Congress has already incurred, the White House said after the meeting.

Barack Obama reinforced his view that the House should put the clean government funding bill that has been passed by the Senate up for a vote.

"The House could act today to reopen the government and stop the harm this shutdown is causing to the economy and families across the country," the White House said.

In a TV interview, Barack Obama said he was "exasperated" by the sequence of events that led to shutdown of his government and warned the Wall Street that they should also be concerned with this development.

"I think it's fair to say that during the course of my presidency I have bent over backwards to work with the Republican Party and have purposely kept my rhetoric down. I think I'm pretty well known for being a calm guy. Sometimes people think I'm too calm. And am I exasperated? Absolutely I'm exasperated, because this is entirely unnecessary," Obama told the CBS news in an interview.

Barack Obama warned that investors should be worried.

"This time's different. I think they should be concerned," Obama said.

"When you have a situation in which a faction is willing potentially to default on US government obligations, then we are in trouble," he said.

House of Representative Speaker John Boehner told reporters that Barack Obama during the meeting reiterated one more time that he will not negotiate.

"We sent four different proposals over to our Democrat colleagues in the Senate. They rejected all of them. We've asked to go to conference, to sit down and try to resolve our differences. They don't want to -- they will not negotiate," he told reporters inside the White House after the meeting with Obama.

The US government closed non-essential operations on Tuesday after Congress failed to strike a deal on spending and budget due to differences over 'Obamacare', the signature healthcare

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