Jay Carney squashed the rumors of a deal: "There is no deal. We're not close to a deal."
Carney also said the debt ceiling will be raised. The question is what will the deficit deal look like?
Carney also said there was some unfortunate headlines yesterday. Obama is still opposed to short term lifting of the debt ceiling. Period. If there is a deal and it's in place and agreed upon and Congress needs take a few days to wrap up details, that would be okay.
Carney cleans up some of the confusion out there on the debt ceiling and the deficit deal.