Budget Control Act of 2011
Book Details
Format
Hardback or Cased Book
ISBN-10
161942035X
ISBN-13
9781619420359
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Apr 1st, 2012
Print length
151 Pages
Weight
396 grams
Dimensions
23.60 x 16.00 x 1.60 cms
Product Classification:
Financial law
Ksh 25,550.00
Not available
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Quality
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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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