10/08/2013 02:37 EDT | Updated 01/23/2014 06:58 EST

White House: Obama would veto legislation creating a special committee on debt ceiling

WASHINGTON - The White House is threatening a veto of a House Republican proposal creating a special congressional committee that would have authority to recommend steps to raise the debt limit and reduce spending.

The White House Office of Management and Budget says President Barack Obama would veto the measure if it reached his desk. The budget office also say the White House opposes joining that legislation with a proposal to pay federal workers who have had to remain at their posts during the government shutdown.

Without congressional action, those workers would miss their next regularly scheduled paycheque on Oct. 15.

House Republican leaders unveiled the joint proposals Tuesday.

In a statement, the White House urged the House to reopen the government and pass an increase in the debt ceiling without conditions.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

President Barack Obama says he's fighting the budget battle because "we can't make extortion routine as part of our democracy."

Obama says he's willing to not only negotiate fiscal issues with Republicans, but changes to health care law. But he says first he wants them to pass a bill to stop a partial government shutdown.

Obama noted in a news conference at the White House Tuesday that the shutdown already made him cancel a trip to Asia this week. He argued the shutdown is hurting U.S. credibility around the world and — quote — "makes it look like we don't have our act together."