I do not know what the current situation is however i am now aware that my device is not the only device to experiencing this 4G data outage problem.
I am just filling up the 4G discussion boards with these similar complaints so i can get back my "blazing" 4G speeds on my phone.
Verizon Wireless; you guys make tons and tons of tv-ads that proclaim your 4G speeds are lightning fast and lightning strong but what is the whole point of this when 4G isnt working in the first place.
I tried the following:
1. battery pull (power cycle)
2. airplane mode refresh
3. switching LTE automatic to CDMA then refreshing
4. i even tried a factory data reset.
none of the following worked 
please get your 4G up and at em again Verizon Wireless!
I cant show off my 4G phone and its speeds to customers who are moving over to 3G smartphones to 4G ones!