Washington (CNN) – Where are we with the debt debate? After a weekend of no agreement, here's your simple guide to the plans in play right now, even as the playing field changes rapidly:
$14.29 trillion - current debt limit. That's also nearly the value of the European Union's gross domestic product - or everything produced in the EU - last year.
August 2 - the date when the federal government is forecast to hit the debt limit and see all new loans cut off. Falls during "Simplify Your Life Week." Really.FULL STORY