President Barack Obama on Friday urged Congress to work through the next several weeks to come up with a reasonable budget.
He said that "messing with the debt limit" could put the financial system in a tailspin similar to the financial crisis of 2008. Obama urged the next House speaker to understand "that our system of government requires compromise to pass bills."
Obama said, "There is still a path for us to come up with a reasonable budget agreement to raise spending caps that maintains prudent control of deficits."
In a broader news conference on Friday, the president spoke about several issues including education, Syria, gun control and Congress.
Earlier, Obama said that he was going to continue to talk about the issue of gun control "on a regular basis."
"I will politicize it because our inaction is a political decision that we are making," he told reporters.