barack-obama-staring.jpgThe United States federal government is likely to shut down, as the White House and the House of Representatives fail to reach an agreement over the country’s budget cuts.

US President Barack Obama and the Congressional leaders did not reach an agreement on spending cuts in their Tuesday meeting, Reuters reported.

The US government could face a shutdown on Saturday if there is no compromise for a new budget plan by April 8.

“It would be inexcusable of us to not be able to take care of last year’s business… when we are this close, simply because of politics,” Obama said in a briefing at the White House.

On Saturday, the US president urged both Democrat and Republican representatives to reach common ground on the budget issue.

An estimated USD 33 billion in cuts is reportedly being negotiated between the two sides in Congress.

Republicans are seeking reductions in both Obama’s healthcare plans and the Environmental Protection Agency.

The US Democrat president is planning to hold further meetings with Congressional leaders on Wednesday and Thursday.

According to the Congressional Budget Office, the US budget shortfall will reach USD 1.6 trillion this year.

The US government’s last shutdown was 15 years ago during former President Bill Clinton’s administration.