Senate Majority Leader Harry Reid (D-Nev.) said no agreement over the debt ceiling had been reached during his meeting with President Obama and House Minority Leader Nancy Pelosi (D-Calif.) in the late afternoon on Saturday.
A White House official said the meeting, which the White House arranged on short notice, ended at 5:05 p.m.
No further information was available from the White House.
Senate Minority Leader Mitch McConnell (R-Ky.) said he had been in contact with the president shortly before the Reid and Pelosi meeting.
McConnell said he and Speaker John Boehner (R-Ohio) are fully engaged with the White House on a debt deal and expressed optimism an agreement will be reached.