Mr. Trump will meet with Senate Majority Leader John Thune, Senate Minority Leader Chuck Schumer, House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries, the sources said.
Earlier this week, Mr. Trump said that he had canceled a meeting with Schumer and Jeffries, calling their “demands” for the spending bill “unserious and ridiculous.”
In a joint statement Saturday, Schumer and Jeffries said that Mr. Trump had “once again agreed to a meeting in the Oval Office,” and adding that they were “resolute in our determination to avoid a government shutdown.”
Punchbowl was first to report the meeting.
Lawmakers are facing a deadline of midnight Tuesday, when the 2026 fiscal year begins, to reach a deal on full-year spending bill, or a continuing resolution, which is a temporary stop-gap measure.
Last week, a Republican-backed short-term funding bill passed the House, but failed in the Senate.
Democrats have pushed for the bill to include a permanent extension of tax credits for Americans who are enrolled in health insurance through the Affordable Care Act, as well as a roll back of Medicaid cuts that were in the recently passed “big, beautiful bill.”
If a shutdown were to take effect, it would impact what are considered non-essential government programs, and it would also likely halt the pay of hundreds of thousands of federal workers.
In a move that appeared to raise the stakes for a deal, the White House’s Office of Management and Budget sent a memo to federal agencies Wednesday telling them to prepare layoff plans in the event of a shutdown.
“Programs that did not benefit from an infusion of mandatory appropriations will bear the brunt of a shutdown, and we must continue our planning efforts in the event Democrats decide to shut down the government,” the memo read.
Democratic leaders blasted the memo, with Schumer calling it “an attempt at intimidation.”
Caitlin Yilek,
Nikole Killion and
Kaia Hubbard
contributed to this report.