Obama: Shutdown slowed eco growth, damaged US credibility

The just-ended fiscal crisis undermined UScredibility abroad and slowed economic growth at home, President Barack Obama said Thursday.

The day before, Obama signed a compromise deal passed by the House and Senate after weeks of bickering. It extended the debt ceiling until until Feb. 7 and reopened the government by approving funding only until Jan. 15, lifting what he described as the "twin threats to our economy" for now.

(Read more: Shutdown's ripple effect on spending)

"There are no winners here — these last few weeks have inflicted completely unnecessary damage on our economy," he said. "We don't know yet the full scope of the damage, but every analyst out there believes it slowed our growth."

(Read more: This is what the shutdown really cost you)

He added that just the threat of default increased the country's borrowing costs, which adds to the deficit.

As a result of the uncertainty, many consumers have slashed their spending and half of CEOs said the shutdown set back their hiring plans over the next six months, he said.

(Read more: Main Street 'damage done' as government reopens)

"We know that families have gone without paychecks or services they depend on," he added. "We know that potential homebuyers have gotten fewer mortgages and small business loans have been put on hold."

—By CNBC's Katie Little. Follow her on Twitter @KatieLittle