NORAH O'DONNELL, CBS NEWS: "You talked about two weeks ago, two weeks ago the President talked a lot about shared sacrifice. He talked about ending subsidies for oil companies and ending tax breaks for corporate jet owners, he talked about this was a very fair deal where he was offering 3 to 1 spending cuts and wanted tax revenues. Where are the tax revenues?"
JAY CARNEY, WHITE HOUSE PRESS SECRETARY: "Well, Norah, I think we just addressed this but i'll be happy to do it again. We did not get the grand bargain up front. And we all know why, okay? There were as the Speaker himself said $800 billion on the table in revenues as part of a grand bargain. There were tough choices made by both sides made in that potential agreement that was not reached. And we did not get that done."
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