| Description: | This report discusses the Budget Control Act of 2011 (BCA; P.L. 112-25), which established new budget enforcement mechanisms for reducing the federal deficit by at least $2.1 trillion over the 10-year period FY2012-FY2021. The BCA places statutory limits, or caps, on discretionary spending for each of those 10 fiscal years, which will save an estimated $0.9 trillion during that period. In addition, it creates a Joint Select Committee on Deficit Reduction (Joint Committee), which is instructed to develop legislation to reduce the federal deficit by at least another $1.5 trillion through FY2021. |
|---|---|
| Creator(s): | Redhead, C. Stephen |
| Location(s): | United States |
| Creation Date: | October 1, 2012 |
| Partner(s): |
UNT Libraries Government Documents Department
|
| Collection(s): |
Congressional Research Service Reports
|
| Usage: |
Total Uses: 11
Past 30 days: 1
Yesterday: 0
|
| Creator (Author): |
Redhead, C. Stephen
Specialist in Health Policy |
|
|---|---|---|
| Publisher Info: |
Publisher Name: Congressional Research Service, Library of Congress
Place of Publication: Washington D.C.
|
|
| Original Creation Date: | October 1, 2012 | |
| Coverage: |
|
|
| Description: | This report discusses the Budget Control Act of 2011 (BCA; P.L. 112-25), which established new budget enforcement mechanisms for reducing the federal deficit by at least $2.1 trillion over the 10-year period FY2012-FY2021. The BCA places statutory limits, or caps, on discretionary spending for each of those 10 fiscal years, which will save an estimated $0.9 trillion during that period. In addition, it creates a Joint Select Committee on Deficit Reduction (Joint Committee), which is instructed to develop legislation to reduce the federal deficit by at least another $1.5 trillion through FY2021. |
|
| Physical Description: |
23 pages. |
|
| Language(s): | ||
| Subject(s): |
|
|
| Partner: |
UNT Libraries Government Documents Department
|
|
| Collection: |
Congressional Research Service Reports
|
|
| Identifier: |
|
|
| Resource Type: | Report | |
| Format: | Text | |
