U.S. President Barack Obama said Wednesday night a just concluded meeting with Congressional leadership on budget is "constructive," and he is confident an agreement to avert a government shutdown will be reached.

Obama called House Speaker John Boehner and Senate Majority Leader Harry Reid for a late night meeting at the White House after negotiations during the day made no headway.

Obama emerged from the meeting, saying they have narrowed the issue and that there is no reason they can't get this done.

Reid and Boehner later said their staff will work through the night, and see where they are in the morning. Boehner also said the meeting was constructive, but apparently no deal has been made.

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