Neuware - The Budget Control Act (BCA) is the result of negotiations between the President and Congress held in response to the federal government having nearly reached its borrowing capacity. The BCA authorised increases in the debt limit of at least $2.1 trillion dollars (and up to $2.4 trillion under certain conditions), subject to a disapproval process that would likely require securing the support of two-thirds of each chamber to prevent a debt limit increase. It established caps on the amount of money that could be spent through the annual appropriations process for the next 10 years, which the CBO estimates will reduce federal spending by $917 billion. This book provides an overview of the essential features of the Budget Control Act, a history and recent increases of the debt limit and the potential effects on government operations.

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Bibliographic Details

Title: Budget Control Act of 2011
Publisher: Nova Science Publishers Inc Apr 2012
Publication Date: 2012
Language: English
ISBN 10: 161942035X
ISBN 13: 9781619420359
Binding: Buch
Condition: Neu
Dimensions: 236 millimeters width by 160 millimeters height by 16 millimeters depth
Weight: 396 grams

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