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America’s Debt Crisis in Photos
Friday, July 29th, 2011

The world today is focused on a small patch of land — 68.25 square miles to be precise —known as Washington, DC.

House Republicans, Senate Democrats, and an increasingly frustrated White House are racing to come up with a plan to raise the U.S. debt ceiling and prevent what U.S. Federal Reserve Chairman Ben Bernanke has called an “economic calamity.”

They have until Tuesday, August 2, to work out a deal.

But as this debt drama unfolds in the capital of the world’s largest economy, many Americans have already suffered calamitous events of a more personal nature, including skyrocketing unemployment, a mortgage and housing collapse and diminishing savings in their 401K plans.

Here’s a photographic look of the drama, and the economic crisis in America that now threatens to get even worse if the various political sides in Washington, D.C. can’t agree upon a solution in time.

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US President Barack Obama speaks during a Town Hall meeting on the ongoing efforts to find a balanced approach to deficit reduction at the University of Maryland in College Park, Maryland, on July 22, 2011.

(Jewel Samad - AFP/Getty Images)
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Speaker of the House Rep. John Boehner (R-OH) after his televised address to the nation about the federal budget and debt ceiling crisis at the U.S. Capitol July 25, 2011 in Washington, DC. According to the Treasury Department, if Congress and the White House do not find a way to raise the debt ceiling, the United States is at risk of defaulting on its debt.

(Chip Somodevilla - AFP/Getty Images)
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Speaker of the House John Boehner (R-OH) speaks during a press conference following a meeting at the Republican National Committee offices July 26, 2011 in Washington, DC. During the height of battle between Congressional Republicans and the White House, Boehner introduced legislation Monday that would raise the debt ceiling in two stages and cut $3 trillion in budget cuts.

(Win McNamee - AFP/Getty Images)
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U.S. Senate Majority Leader Sen. Harry Reid (D-NV) speaks during a news briefing after the Democratic weekly policy luncheon July 26, 2011 on Capitol Hill in Washington, DC. The Senate Democrats discussed the latest development of the debt ceiling negotiation.

(Alex Wong - Getty Images)
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U.S. Senate Majority Whip Sen. Richard Durbin (D-IL) answers questions from members of the media after a caucus with Senate Democrats July 25, 2011 on Capitol Hill in Washington, DC.

(Alex Wong - AFP/Getty Images)
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U.S. President Barack Obama speaks during a Town Hall meeting at the University of Maryland July 22, 2011 in College Park, Maryland. Obama answered questions about deficit reduction, the debt ceiling issue and the economy.

(Pool - AFP/Getty Images)
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Federal Reserve Bank Chairman Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill July 22, 2009 in Washington, DC.

(Chip Somodevilla - AFP/Getty Images)
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Traders work on the floor on the New York Stock Exchange on April 18, 2011 in New York City. Following news that Standard and Poor's had cut its long-term outlook on U.S. debt to negative, the Dow Jones industrial average (INDU) fell 180 points in afternoon trading. The stock market has remained decidedly nervous over the continuing debt crisis.

(Spencer Platt - AFP/Getty Images)
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Traders work on the floor of the New York Stock Exchange before the close on June 15, 2011 in New York City.

(Spencer Platt - AFP/Getty Images)
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People walk down Wall Street on May 25, 2010 in New York City.

(Spencer Platt - AFP/Getty Images)
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Traders work on the floor of the New York Stock Exchange after the opening bell on July 28, 2011 in New York City. The Dow Jones Industrial Average was up slightly during the morning trading as the world's markets monitor the clash between the White House and House Republicans over the nation's debt ceiling.

(Ramin Talaie - AFP/Getty Images)
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Traders work on the floor of the New York Stock Exchange before the closing bell March 10, 2011 in New York City.

(Mario Tama - AFP/Getty Images)
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A businessman walks along Wall Street in front of the New York Stock Exchange on May 25, 2010 in New York City.

(Spencer Platt - AFP/Getty Images)
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The debt crisis may worsen the U.S. unemployment rate. Job seekers fill out applications for employment during a job fair for San Francisco Bay Area grocery store chain Mollie Stone's Market on February 9, 2011 in San Francisco, California.

(Justin Sullivan - AFP/Getty Images)
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A man walks by a halted construction project on Las Vegas Boulevard on October 20, 2010 in Las Vegas, Nevada. Nevada once had among the lowest unemployment rates in the United States at 3.8 percent but has since fallen on difficult times. Las Vegas, the gaming capital of America, has been especially hard hit with unemployment currently at 14.7 percent and the highest foreclosure rate in the nation.

(Spencer Platt - AFP/Getty Images)
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Union members demonstrate against a non-union work project at a casino on Las Vegas Boulevard on October 22, 2010 in Las Vegas, Nevada.

(Spencer Platt - AFP/Getty Images)
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Unemployed U.S. Air Force veteran Tracy McConner, 45, registers at the Military and Veterans Employment Expo on May 24, 2011 in Golden, Colorado.

(John Moore - AFP/Getty Images)
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Job seekers wait in line to enter the California Job Journal HIREvent February 10, 2009 in San Francisco, California.

(Justin Sullivan - AFP/Getty Images)
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Protestors look at Post-It notes left on an entrance of the Wisconsin State Capitol on March 5, 2011 in Madison, Wisconsin. Thousands of demonstrators are staging a protest at the Wisconsin State Capitol against Governor Scott Walker's attempt to push through a bill that would restrict collective bargaining for most government workers in the state.

(Justin Sullivan - AFP/Getty Images)
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The 2011 New York University commencement at Yankee Stadium on May 18, 2011 in New York City. Young graduates face an increasingly bleak employment environment as the unemployment rate hit 9.2 percent in June of 2011.

(Slaven Vlasic - AFP/Getty Images)
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Mary Ann Smith looks over her belongings after an eviction team removed all of her family items from her foreclosed house on February 2, 2009 in Adams County, Colorado.

(John Moore - AFP/Getty Images)
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Nicky Lily-Warren breaks down in worry over a potential back operation December 16, 2008 in Wilmington, Ohio. An unemployed single mother with health problems, she is covered by Medicaid but has few resources and may soon be evicted from her home.

(John Moore - AFP/Getty Images)
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Mary Ann Smith looks over an album of familiy photos after an eviction team removed all of her possessions from her foreclosed house on February 2, 2009 in Adams County, Colorado.

(John Moore - AFP/Getty Images)
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Laid off worker Bill Edison sits with his family at the Clinton County Homeless Shelter December 21, 2008 in Wilmington, Ohio.

(John Moore - AFP/Getty Images)
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A neighbor peers out of his door as Alameda County Sheriff deputies Ken Cammack (C) and Ken Kong (R) enter an apartment to evict tenants who have defaulted on rent payments June 4, 2009 in Oakland, California.

(Justin Sullivan - AFP/Getty Images)
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Neighbors Ruthy Engel (R) and Emily Rampton comfort Harvey Lesser, 58, after he was evicted from his apartment December 11, 2009 in Boulder, Colorado.

(John Moore - AFP/Getty Images)
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Tents are reflected in a puddle at a homeless tent city March 4, 2009 in Sacramento, California. The tent city is seeing an increase in population as the economy worsens and more people are becoming unemployed and having their homes slip into foreclosure.

(Justin Sullivan - AFP/Getty Images)
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Barbara Lehman sits in the tent she calls home in a tent city for the homeless October 6, 2008 in downtown Reno, Nevada.

(Max Whittaker - AFP/Getty Images)
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Auctioneer J.J. Johnston scans the crowd for bids on a foreclosed home during an auction on August 23, 2009 in Denver, Colorado.

(John Moore - AFP/Getty Images)
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A foreclosed home that the owner reoccupied after busting the locks and moving in with the help of the activist group "Take Back the Land" February 24, 2009 in Miami, Florida.

(Joe Raedle - AFP/Getty Images)
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Larry Pendell sings during a a prayer service at the Wilmington Church of God December 21, 2008 in Wilmington, Ohio. The pastor, Elizabeth Looney, prayed for her Pentecostal congregation to remain strong during these tough economic times in Wilmington, where many members of her church have lost their jobs.

(John Moore - AFP/Getty Images)
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