April 4th, 2011
02:36 PM ET
Washington (CNN) - President Barack Obama will meet Tuesday with congressional leaders to discuss budget negotiations three days before the deadline to avoid a government shutdown, White House spokesman Jay Carney said Monday.
Carney said Obama believes it is "a very good time for these senior leaders coming together to assess where we are" and see what can be done to reach final agreement on government spending for the rest of the current fiscal year, which ends on September 30.
Without an agreement, the current resolution authorizing government spending will expire on Friday.
According to Carney, "significant progress" has been made in talks so far, including agreement on a target figure of $33 billion in total spending cuts below current levels.
Invitations for the Tuesday meeting went to House Speaker John Boehner, R-Ohio; Senate Majority Leader Harry Reid, D-Nevada; Senate Appropriations Committee Chairman Dan Inouye, D-Hawaii; and House Appropriations Committee Chairman Hal Rogers, R-Kentucky.
Top senators said Sunday that they believe Congress will reach a deal to avoid a government shutdown this week, but there was little consensus on two larger budget battles looming in coming months.