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Web Extra: Explaining the Debt Ceiling

CNBC's Steve Liesman explains the debt ceiling and what could happen if the U.S. defaults.
WASHINGTON, D.C. -- As members of the U.S. Senate and House of Representatives are suddenly scrambling to work out a deal that would end the government shutdown and avoid default, many people are wondering exactly what that all means.

In the embedded video, CNBC's Steve Liesman explains the debt ceiling and what could happen if the U.S. defaults.

Mobile users can find it in the "Video" section of the KARK 4 News app.
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