Talk of a deal appears premature as the White House and Republicans continue discussing the debt.

FOX News Radio White House Correspondent Mike Majchrowitz reports from the West Wing:

President Obama stresses the "shared sacrifice both Democrats and Republicans need to make to balance the budget.

Listen HERE to what President Obama had to say at a town hall meeting in College Park, MD:

Meanwhile... House Speaker John Boehner says "There is no agreement, there is no deal in private." Boehner has been part of the negotiation team trying to hammer out compromise legislation regarding the debt ceiling...

At a press conference with other members of the House GOP leadership, Boehner said that he continues to work to keep the lines of communication open but any bill will have to deal with what they believe is the biggest issue.

Listen to Boehner, HERE: