POLITICS
05/26/2011 04:02 pm ET | Updated Jul 26, 2011

U.S. Debt Ceiling: Handy Chart Explains It All

Congress, the White House and various political onlookers have been debating the seriousness of the U.S. debt ceiling and outlining different scenarios about what could happen if it isn't raised by August 2.

To help explain the debt ceiling and the consequences of not raising it, Mint.com and Column Five Media present a visually-striking chart, designed by Ross Crooks. The chart is a lot to take in (you can see it in all its glory here.) With that in mind, here's a breakdown of its contents.

Infographic Explains the U.S. Debt Ceiling Debate