Congressional Republicans emerged from a five-hour meeting with U.S. President Donald Trump on Thursday without a deal on how to extend his sweeping tax cuts, though senior lawmakers said they believed they were close to agreement.

Fiscal hawks are demanding deeper cuts on major tax, energy and healthcare package that would advance key Trump administration priorities.

The fate of the Trump tax cuts may hang in the balance — but it is crucial for Congressional Republicans to extend them. It's what the President wants and the House and Senate must not stand in the way.