Updated 8:32 pm ET
Though he has vowed not to negotiate, President Obama has invited congressional leaders from both Parties to the White House this afternoon to talk things over.
The meeting, to be held at 5:30 pm, will include House Speaker John Boehner, Senate Majority Leader Harry Reid, House Minority Leader Nancy Pelosi, and Senate Minority Leader Mitch McConnell.
The White House is denying this is a negotiation. Republicans are saying this IS a negotiation.
Kind of sounds like a negotiation.
UPDATE: Officials emerged from the meeting saying no progress had been made.