April 5th, 2011
02:34 PM ET
Washington (CNN) – Taking questions from the White House press corp Tuesday, President Barack Obama said that Senate Majority Leader Harry Reid and House Speaker John Boehner will meet at 4 p.m. ET to discuss the budget and the looming government shutdown. If they can't reach an agreement, Obama said, he expects them to return to the White House on Wednesday for further talks.
The White House will put in "whatever resources are required in terms of time and energy" to reach an agreement, Obama said.
Obama said he could support one more short-term extension of federal funding to avert a partial government shutdown only if a deal is reached on spending for the rest of the current fiscal year, but a few more days are needed to get it passed through Congress.
He criticized Republicans for trying to use the budget talks to push unrelated priorities relating to issues such as abortion and environmental protection.
He also urged a greater spirit of compromise in the ongoing budget negotiations.
"What we can't do is have a 'my way or the highway' approach to this problem," he told reporters at the White House. "If we start applying that approach ... we're not going to get anything done this year."
House Speaker John Boehner said "there was no agreement reached," but that conversations will continue.
"We’re talking about real spending cuts, no smoke and mirrors," Boehner said at a press conference Tuesday. “I’m not gonna allow the senate nor the White House to put us in a box where we have to make a choice between two bad options." (read more on cnn.com)