How can I break out of multiple loops?

Given the following code (that doesn't work):

while True:
    # Snip: print out current state
    while True:
        ok = get_input("Is this ok? (y/n)")
        if ok.lower() == "y": break 2 # This doesn't work :(
        if ok.lower() == "n": break

    # Do more processing with menus and stuff

Is there a way to make this work? Or do I have do one check to break out of the input loop, then another, more limited, check in the outside loop to break out all together if the user is satisfied?