Obama rejects House Republican debt plan, shutdown continues

With only a couple of days remaining until the US exhausts its borrowing authority, it is time for the House to do the same, she added.

President Barack Obama was scheduled to meet the House Democrat leadership, including Nancy Pelosi, later in the day to chalk out their next course of action. 

Earlier, House Republicans in a closed door meeting announced a plan to keep the government open until January 15, 2014 and lift the debt ceiling by February 7.