Factbox: What’s on the table in debt talks | Reuters

Factbox: What’s on the table in debt talks | Reuters.

(Reuters) – President Barack Obama and congressional leaders resume their White House talks on Monday to see if they have the makings of a deal to trim budget deficits and avert a looming default.

The Treasury Department has warned it will run out of money to cover the country’s bills if Congress does not raise the $14.3 trillion debt ceiling by August 2.

Although Democrats and Republicans agree on the need for trillions of dollars in budget savings, they remain sharply divided about how to get there.

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