Representatives of US President Joe Biden and Republicans in Congress wrapped up a new round of talks on the $31.4 trillion debt ceiling on Tuesday without making progress on raising the federal debt ceiling.
The two sides remain at odds on how to deal with the budget deficit level of about $1.5 trillion.
Democrats see higher taxes on corporations and wealthy citizens, while Republicans are demanding that the president's administration cut spending.
Office of Management and Budget Director Shalanda Young and White House adviser Steve Richetty met with Republican leaders for about two hours, leaving with little comment to the media.
Treasury Secretary Janet Yellen warns that the federal government will not have enough funds to pay off all its obligations by June 1, which could lead to default that will hurt the U.S. economy and exacerbate the cost of borrowing.
While raising the debt ceiling is routine, it has in recent years become a bone of contention with Republican lawmakers seeking spending cuts in exchange for raising the ceiling.
Both Biden and House Speaker Kevin McCarthy acknowledged in their previous session that the main sticking point remains the issue of government spending caps, and each side blames the other for the lack of agreement.