The United States is on track to hit its debt ceiling of $14.294 trillion by May 16. I read that since March 1962, the debt ceiling has been raised 74 times, ten of those occurring since 2001. The Obama administration has said that raising the debt ceiling is necessary to avert a financial catastrophe, yet some Republicans like Michele Bachmann seem ready and willing to call his bluff.
What do the nation's cartoonists think about this latest budget flap? Check out our Debt Ceiling cartoon slideshow to find out.
Bob Englehart / Hartford Courant (click to view cartoon slideshow)