(CNN) – President Barack Obama and House Speaker John Boehner held a meeting at the White House late Monday morning as the country faces an end-of-the-year deadline to avoid the fiscal cliff, a White House official said.

A spokesman from Boehner's office confirmed the meeting, which lasted about 45 minutes. Both sources said the two were continuing "discussions about the fiscal cliff and balanced deficit reduction."

Boehner met Thursday afternoon with Obama at the White House in their second face-to-face talks of the week. The two then spoke by phone Friday, according to news reports.

The meeting comes after the speaker made certain concessions in the negotiating process. Click here for the latest.