At a meeting with the Business Roundtable on Wednesday, Obama will ask corporate leaders to urge Republicans to give up plans to negotiate cuts in government spending, or a repeal of Obama's healthcare law, in return for an increase in the debt limit, said the official, who asked not to be named discussing the president's remarks before the meeting.
"The president will ask the business community to help send the message to
Obama's planned remarks come as he and his GOP opponents on Capitol Hill are barreling toward two major fiscal deadlines. Lawmakers must pass legislation to keep the government open after Sept. 30, or face a shutdown. A few weeks later, the government is set to reach the limit it can borrow, if Congress does not increase it to cover spending it has already approved.
The president and the Republican-led House have faced this fight before, but this time the White House is saying it will not negotiate to raise the debt ceiling.
Obama will make the case Wednesday that the standoff is being driven by "extreme" members of the Republican Party and is an "irresponsible" threat to the fiscal health of the country, the official said.
A Boehner spokesman argued that Obama was hyping the threat.
"No one is threatening to default," said Brendan Buck. "The president only uses these scare tactics to avoid having to show the courage needed to deal with our debt crisis. Every major deficit deal in the last 30 years has been tied to a debt-limit increase, and this time should be no different."