Media playback is unsupported on your device

Barack Obama: Default would be devastating

14 October 2013 Last updated at 19:51 BST

There has been "some progress" on talks to reach agreement on the US budget, President Barack Obama has said.

The country's government was forced into a shutdown as a result of political deadlock, and could default on its national debt unless a deal to raise its debt limit is struck.

At a soup kitchen in Washington DC, Mr Obama said a default would be "devastating".

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.