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)