Speaker John Boehner (R-Ohio) has told President Obama he sees no need for the meeting.
“The Speaker has told the White House he sees no need to go to Camp David this weekend," Boehner spokesman Michael Steel said in a statement.
A senior administration official told The Hill on Thursday that there are no plans for a Camp David meeting for now.
"The talks have been and for next couple days will be here at the White House," the official said. "If we have different plans, we'll let people know, but there are currently no plans for that."
Negotiations are scheduled to continue at the White House on Thursday with a 4:15 p.m. meeting. Wednesday evening's discussions turned tense, with Obama scolding House Majority Leader Eric Cantor (R-Va.) and then leaving the room.
Obama has called legislators to meet with him every day to reach a deal ahead of an Aug. 2 deadline, after which the Treasury Department says the U.S. economy will default unless the $14.3 trillion debt ceiling is increased.