Mr Johnson spoke today after suffering a major defeat in Parliament when rebels seized control of the Brexit agenda.
If it passes, Johnson's Downing Street office says he'll call an early election, with uncertain consequences.
Labour leader Jeremy Corbyn has repeatedly called for an election and warned that if the legislative route fails, he may try to force one by calling a confidence vote in the government.
Members of Johnson's own Conservative party, including Philip Hammond, are preparing to join opposition lawmakers in a vote to try to force a delay to Britain's exit from the European Union if he can not secure a divorce deal with Brussels in the next few weeks.
MPs voted for a bill seeking to block no deal, handing control of the House of Commons tomorrow to a cross-party alliance looking to block the PM from taking the United Kingdom out of the European Union without an agreement in place.
She notes that "there is a very distinct possibility" of Britain crashing out of the European Union without a deal.
There was speculation yesterday that a snap election was on the horizon as Tory rebels threaten to stop a clean Brexit, with Prime Minister Johnson having told his MPs that they face being kicked out of the party if they vote against the government.
Johnson's opponents are putting forward a bill that would force him to delay Brexit until January 31.
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As a result, the prime minister no longer has a majority in the 650-seat chamber - but the defection does not automatically bring down the government.
But some in the party are concerned about holding one before legislation is passed that would force whoever is the next prime minister to postpone Brexit if there is no agreement with Brussels before October 31.
The former London mayor took over as premier in July promising to finally deliver on the 2016 referendum vote for Brexit, after his predecessor Theresa May delayed exit day twice. He says this would undermine his negotiating hand and he'd rather collapse the government and hold a fresh election. Not counting that brief plunge - in which the currency fell to $1.1789 for about two minutes before recovering - the pound is now at its lowest level in 34 years.
Johnson's government will now seek to hold a vote on Wednesday to approve an early election, most likely to be held on October 14.
On a day of high drama, an Edinburgh court also heard a legal challenge against Johnson's decision to suspend parliament next week for more than a month. "I don't want an election, the public don't want an election", he added.
As protesters on the streets outside Parliament denounced a "coup", the lawmakers turned to a key piece of legislation that would prevent an immediate no-deal Brexit.
Johnson's tenuous position became clear even as spoke in Parliament for the first time since it reconvened.
In an historic showdown between prime minister and parliament, Johnson's opponents said they wanted to prevent him playing Russian roulette with a country once touted as a confident pillar of Western economic and political stability.