Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/president-obama-outlines-roadblocks-with-the-republicans-bu Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Story Speaking from the James Brady Briefing Room, President Barack Obama said that the failure to increase the government’s borrowing authority would shutter the economy, having a "profound destabilizing effect" on the U.S. and global economies.He also accused Republicans of "political grandstanding" and said what they really care about is "appeasing the tea party."