(WASHINGTON) -- After a late night, 90-minute meeting Wednesday in the Oval Office with Senate Majority Leader Harry Reid and House Speaker John Boehner, President Obama declared no deal in the budget standoff but still called the meeting "productive" and is confident a deal can get done before a government shutdown comes.
"I thought the meetings were frank, they were constructive and what they did was narrow the issues and clarify the issues that are still outstanding," Obama said, though he declined to elaborate on the sticking points.
"I remain confident that if we are serious about getting something done, we should be able to complete the deal and get it passed and avert a shutdown. But it’s going to require a sufficient sense of urgency from all parties involved. It means the people will have to recognize that a government shutdown has real consequences for real people," Obama said from the podium in the briefing room.
Obama vowed an around-the-clock effort and promised a status check Thursday morning.
"If we haven't made progress, we're going to go back at it again. And we're going to keep on pounding away at this thing because I'm absolutely convinced that we can get this done," Obama said. "There’s no reason why we should not be able to complete a deal."
After Obama finished making his points, Boehner and Reid took their turn in front of the cameras, making their respective points outside the White House.
Describing the meeting, Reid said, "It was very honest, we’ve narrowed the issues significantly and we’re going to continue working. Our staffs are going to work through the night. The speaker and I will get back together tomorrow morning and see how they did and continue. I have confidence that we can get this done. We are not there yet but the hope lies eternal."
Boehner echoed Reid but added his own twist, saying no numbers or policy have been settled.
"We did have a productive conversation this evening," Boehner said. "We do have some honest differences but I do think we made some progress. But I want to reiterate that there is no agreement on a number and there is no agreement on the policy. But there’s an intent on both sides to continue to work together to try to resolve this. No one wants the government to shut down. We are going to continue to work throughout the night and tomorrow."
Copyright 2011 ABC News Radio