Late last night, some seemed to think we were on the verge of a debt-ceiling deal between the House and the White House. Not yet.

First off, a spokesman for the Speaker tells me that: “There are no tax increases on the table.”

And a source familiar with discussions with the White House says that they have included a number of options for moving forward. One option discussed was a tax reform and simplification that would lower individual and corporate rates in exchange for closing loopholes, deductions, and other “spending in the tax code.” This would also include reforms, the source says, to all three major entitlement programs, ensuring that spending cuts would be larger than the debt-limit hike,and include restraints on future spending.

But this was only discussed as an option.

The Speaker of the House has never offered to let any of the Bush tax cuts expire, according to this source.

And, finally, there was no agreement made of any kind. No offers were made, options were only discussed with the White House.