By Keith Laing and Alexander Bolton - 10/12/13 09:34 PM EDT
President Obama met for about an hour and 15 minutes with Senate Democratic leaders on Saturday as talks intensify in the Senate to end the government shutdown and raise the debt ceiling.
Senate Majority Leader Harry Reid (D-Nev.), Majority Whip Dick Durbin (D-Ill.), Sen. Charles Schumer (N.Y.) and Senate Appropriations Committee Chairwoman Patty Murray (D-Wash.) attended the meeting.
Reid and Minority Leader Mitch McConnell (R-Ky.) are negotiating a possible solution to the impasse that has threatened a first-ever default on the U.S. debt.
The Reid-McConnell talks follow the collapse of a previous attempt by House Republicans to reach a deal themselves with President Obama.
A source famliar with the meeting said White House Chief of Staff Denis McDonough, Deputy Chief of Staff Rob Nabors and Obama's budget director Sylvia Matthews Burwell also attended the meeting.
The source said the participants went over what their bottom line could be going forward.
The U.S. government will hit the debt ceiling and begin defaulting on its bills Thursday, according to the Treasury Department.
Obama has met with leaders in both chambers in recent days as the debt ceiling limit approaches.
This story was posted at 3:10 p.m. and updated at 5:34 p.m.