WASHINGTON (CNN) - Five years after the economic collapse, President Barack Obama warned Americans on Saturday that if Congress does not pass a budget to prevent the government from shutting down, the nation could be headed toward another fiscal calamity.
"After five years spent digging out of crisis, the last thing we need is for Washington to manufacture another," Obama said in his weekly address.
Calling passing a budget Congress's "most basic constitutional duty," President Obama painted GOP leaders in Congress as hostages to the far right of the Republican Party who would “plunge this country back into recession – all to deny the basic security of health care to millions of Americans.”
The Republican-controlled House voted 230 – 189 Friday to defund Obamacare.
The president criticized Republicans for being willing to risk reigniting the economic recession in the name of partisan politics.
"I will not allow anyone to harm this country’s reputation, or threaten to inflict economic pain on millions of our own people just to make an ideological point,” Obama said.
While reiterating that the economy is still making progress, Obama said the country is "running out of time" to both pass a budget and raise the debt ceiling. The latter move would allow the Treasury Department to "pay America’s bills" and avoid morphing into - in the president's words - "a deadbeat nation."
"We are the world's bedrock investment," Obama said. "And doing anything to threaten that is the height of irresponsibility.”
Watch the video of the president's address below: