A top White House official says "we don't have a deal" between President Barack Obama and Republicans in Congress to avoid a crippling default.
But senior White House adviser David Plouffe (pluhf) tells NBC's "Meet the Press" that both sides are generally in agreement on an emerging package that would cut the deficit in two stages, with key details still being worked out.
Plouffe suggests that negotiations are still focused on how to compel Congress to approve a deficit-cutting plan of tax and entitlement reform later this year.
Obama is adamant that the nation's debt limit be extended into 2013 without being tied to that vote. Republicans want the debt limit to be the "trigger" to force Congress to act.