President Obama and Vice President Biden will meet with House and Senate leaders on Wednesday to discuss finding "common ground."

The meeting is to discuss "to discuss ongoing efforts to find common ground on legislative priorities that will create jobs and strengthen America’s economy," according to the White House.

House Speaker John BoehnerJohn Andrew BoehnerLobbying World Freedom Caucus wants budget reforms attached to debt limit increase Trey Gowdy announces retirement from Congress MORE (R-Ohio), House Minority Leader Nancy Pelosi (D-Calif.), Senate Majority Leader Harry ReidHarry Mason ReidTo end sugar subsidies, conservatives can't launch a frontal attack House presses Senate GOP on filibuster reform A pro-science approach to Yucca Mountain appropriations MORE (D-Nev.) and Senate Minority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellDems confront Kelly after he calls some immigrants 'lazy' McConnell: 'Whoever gets to 60 wins' on immigration Overnight Defense: Latest on spending fight - House passes stopgap with defense money while Senate nears two-year budget deal | Pentagon planning military parade for Trump | Afghan war will cost B in 2018 MORE (R-Ky.) will be at the lunch, according to congressional sources.

The meeting comes a day after the House voted in favor of repealing Department of Education regulations which, according to House Republicans, would lower higher education costs for students. Democrats criticized the legislation, arguing that repealing the regulations would not lower college tuition. 

The Democrat-controlled Senate is likely to kill the House's legislation.