President Barack Obama says world economy is volatile but the US is on bright spot

US President Barack Obama speaks at the Greater Boston Labor Council Labor Day Breakfast in Boston, Massachusetts September 7, 2015. PHOTO: REUTERS

BOSTON: US President Barack Obama said on Monday the world economy was volatile at the moment and the US economy was a bright spot in the mix.

Speaking at a Labor Day event in Boston, Obama warned Republicans that shutting down the federal government over a budget dispute would have negative economic consequences.