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The House voted Monday to extend the federal debt limit and enact spending cuts. Here, House Minority Leader Nancy Pelosi arrives for a meeting with House Democrats and Vice President Joe Biden at the Capitol. Chip Somodevilla/Getty Images hide caption

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Carl "60 Cent" Kasell brings the pain as he explains the debt ceiling. Illustration by Nelson Hsu hide caption

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It's All Politics

Carl '60 Cent' Kasell And The Debt Ceiling

Still wondering what the debt ceiling is exactly? Let Carl "60 Cent" Kasell school you.

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Construction crews at a new air traffic control tower at Oakland International Airport were told on July 19 to stop working after the U.S. House refused to reauthorize routine funding of the Federal Aviation Administration. Justin Sullivan/Getty Images hide caption

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How is negotiating a federal spending plan like getting out of a crowded parking lot? iStockphoto hide caption

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