White House denies talk of deal on taxes

The White House denied rumors on Monday that it had struck a deal with Republicans on expiring tax cuts.

The administration dismissed a report saying that a deal had been reached to extend all the expiring Bush-era tax cuts in exchange for a 13-month extension of unemployment insurance.

The denial came as President Obama met with top congressional Democrats on Monday to discuss the fate of the expiring tax cuts. The leaders are pushing the administration to take a harder line on the issue, especially as talks appear nearing their conclusion.