President Obama on Monday reiterated that he will not negotiate with Republicans over the debt ceiling and called on them to cede the battle over Obamacare and pass a new budget.

"The Affordable Care Act has been the law for three-and-a-half years now," Obama said in a speech at the White House. "It passed both houses of Congress. The Supreme Court ruled it constitutional. It was an issue in last year’s election, and the candidate who called for repeal lost."

Obama said the still-fragile economy is only threatened by the GOP's threats to potentially allow a government shutdown if Obamacare is funded and to not raise the debt ceiling if it doesn't include more spending cuts. Both battles are set to occur in the coming weeks.

"In case there’s any confusion, I will not negotiate over whether or not America keeps its word and meets its obligations; I will not negotiate over the full faith and credit of the United States," Obama said. "Let's stop the threats, stop the political posturing."