Wall Street needs to be genuinely worried about what is going on in Washington, President Barack Obama told CNBC in a White House interview Wednesday.
While gridlock in D.C. is nothing new, "this time I think Wall Street should be concerned," Obama said.
CNBC
CNBC's John Harwood speaks with President Barack Obama on the government shutdown and stalemate in Congress.
"When you have a situation in which a faction is willing to default on U.S. obligations, then we are in trouble," Obama said.
U.S. stock-index futures pointed to a lower open on Wall Street Thursday. Click here to get the latest futures action.
(Read more: Wall Street wonders: Does Obama want a selloff?)
Late Wednesday, Obama met with Republican and Democratic leaders in Congress, including House Speaker John Boehner, House Minority Leader Nancy Pelosi, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell.
McConnell told CNBC's "The Kudlow Report" that Washington is still far from resolving its differences over the fight to reopen the government.
(Read more: Sen. McConnell: White House meeting 'unproductive')
Boehner said Obama reiterated in the meeting with congressional leaders that he would not negotiate. The speaker said he hoped Obama and Democrats in the Senate would have a serious discussion about resolving their differences very soon.
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