Can they reach a compromise before August 2nd?

Jill says...This is getting ridiculous. Each side keeps coming up with a new plan, but are standing their idealogical ground. So how are we going to solve this problem without the US defaulting on its bills??

"Without signed legislation by day's end on Aug. 2, the Treasury will be unable to pay all its bills, possibly triggering an unprecedented default that officials warn could badly harm a national economy struggling to recover from the worst recession in decades." READ MORE...

http://www.huffingtonpost.com/2011/07/25/obama-debt-ceiling-address-nation_n_909212.html