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Debt Compromise Ingredients "pretty Clear"-W.House

Thursday, 28 Jul 2011 11:33 AM

 

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WASHINGTON (Reuters) - The White House said Thursday that it was "pretty clear" what ingredients needed to be present in a compromise to lift the U.S. debt ceiling and reduce the deficit.

White House press secretary Jay Carney said a successful compromise must significantly cut spending, install a mechanism to tackle tax reform and entitlement spending in the future, and lift the debt ceiling through next year.

(Reporting by Tabassum Zakaria, Laura MacInnis and Alister Bull, Editing by Vicki Allen)

© 2014 Thomson/Reuters. All rights reserved.

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