White House: not close to a deal on debt, deficit

Reuters News
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Posted: Jul 21, 2011 1:29 PM
White House: not close to a deal on debt, deficit

WASHINGTON (Reuters) - The White House denied on Thursday a New York Times report that President Barack Obama and Republican House of Representatives speaker John Boehner were close to a deal to cut the deficit and raise the debt limit.

"We are not close to a deal," White House spokesman Jay Carney said. Discussions were ongoing, he and other officials said.

(Reporting by Jeff Mason and Alister Bull, Editing by Sandra Maler)