President Obama emerged from a late-night meeting with John Boehner and Harry Reid Wednesday with no deal to avert a government shutdown. The president told reporters, however, that the 90-minute talk had helped to "narrow the issues" and he's still confident that a deal can be forged before the deadline, the New York Times reports. "But it’s going to require a sufficient sense of urgency from all parties involved," he said.
"It would be inexcusable, given the relatively narrow differences when it comes to numbers between the two parties, that we can’t get this done," Obama said, warning that a shutdown would have "real consequences for real people." Boehner and Reid, in a rare joint appearance before the press, both told reporters that the discussion had been "honest" and progress had been made. Click to read about the possible consquences of a government shutdown, which will happen at midnight Friday if no deal is reached. (Read more John Boehner stories.)