The debt negotiations don't look as though they are moving forward right now. Republicans are blaming President Obama, and President Obama is blaming both Republicans and Democrats. In Monday night's speech the President said:

“The American people may have voted for divided government, but they didn’t vote for a dysfunctional government,” the president said in a hastily arranged prime-time speech from the White House’s East Room. “So I’m asking you all to make your voice heard.  If you want a balanced approach to reducing the deficit, let your Member of Congress know.  If you believe we can solve this problem through compromise, send that message.”

Speaker Boehner said:

“You see, there is no stalemate in Congress. The House has passed a bill to raise the debt limit with bipartisan support.  And this week, while the Senate is struggling to pass a bill filled with phony accounting and Washington gimmicks, we will pass another bill – one that was developed with the support of the bipartisan leadership of the U.S. Senate,” Mr. Boehner said.

It seems as though Congress and the White House are far apart. So here is the big question for you. Do you think there will be a debt ceiling agreement by August 2nd? If not, what happens?