Congress and the President remain deadlocked over a deal to increase the federal photography storage ceiling above the current level of 14.3 gazillion photos.
At current shooting rates the storage limit will be reached on August 2nd. With no deal to extend the limit, the photography community faces an uncertain outcome. Some claim that there will be no room to store new photographs. Others claim that photo taking will continue unaffected.
The crisis is rooted in the recent development of digital archiving. In the film era storage was not a problem, or at least less of an issue. Photographers generally shot images in manageable quantities, and kept files of negatives in various closets and shelving units.
With the advent of the digital age in the late 1990s, the rate of shooting has increased exponentially. Today every single person on earth owns at least two cameras and makes images at an average rate of 10 photographs per person per hour. At that rate the world will exhaust its storage capacity on August 2nd unless the storage ceiling is extended.
Negotiations for an extension have continued over several months, but remain deadlocked in deeply partisan divisions rooted in philosophical outlook. Republicans want to cut current photo taking levels as a precondition of the ceiling's extension. Democrats seek to expand the world's memory capacity. Neither side seems willing to budge.
The photography futures market was slightly downgraded on Monday as photographers rushed to fill the small available storage capacity with their images. In the absence of any extension, the market is expected to become increasingly chaotic as August 2nd approaches.