A new Boehner-brokered debt deal by this afternoon?

House Speaker John Boehner (R-Ohio) told his GOP rank-and-file that congressional leaders are working round the clock on a deal set for release before the Asian markets open on Sunday at 4 p.m., a source tells The Hill.

Boehner gave few details as to the yet-to-be-seen proposal, according to an official who participated in the conference call held following a tense meeting at the White House on Saturday afternoon.

The Speaker told his colleagues that any deal will be a product of congressional leadership – not a compromise struck with the White House, the source said, noting that “strategically not working with the president, but with the Senate could be better for him.”