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He called that an "economic shutdown".
It would effectively be an economic shutdown, with impacts not just here but around the world.
Union and business leaders have said they would call a national economic shutdown to demand that the president resign.
A full-blown economic shutdown would harm the Kenyan people, who are simply trying to hold down jobs and get through this awful time, but European countries can certainly reassess the budgetary support and developmental aid given to Kenya.
Queues were reported at every cash machine in Athens on Friday night and business groups warned that the economic shutdown in the week since Tsipras called the referendum had already caused lasting damage to the economy.
"As reckless as a government shutdown is, as many people as are being hurt by a government shutdown, an economic shutdown that results from default would be dramatically worse," Mr. Obama said Thursday, speaking to construction workers at M. Luis Construction in Rockville, Md., a suburb north of Washington.
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-But the most important economic impact of the shutdown is one that could go either way: does the shutdown make default on the national debt more likely or less likely?
Shipping companies say the economic consequences of a shutdown on the Mississippi would be devastating.
The president warned of drastic economic consequences if the shutdown was forced through.
Mr. Obama said the full economic impact of the shutdown would depend on how long it goes on – something neither party was willing to predict on Tuesday.
They also reflect Mr. Boehner's view that a default would have widespread and long-term economic consequences while the shutdown, though disruptive, had more limited impact.
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