White House: No Deal on Debt, Issues to Resolve

WASHINGTON — No deal has been reached to solve the U.S. debt and deficit crisis, White House communications director Dan Pfeiffer said in a tweet Sunday, adding that "a lot of bad info is floating out there."

Lawmakers from both parties said they were close to a deal to raise the U.S. borrowing limit and assure jittery financial markets that the United States will avoid a potentially catastrophic default.

"Despite all the reporting, no deal has been reached," Pfeiffer said via Twitter.