Campaign 2012Campaign 2012

Primary Sources

PrintPrint CiteCite
Style: MLAAPAChicago Close


Budget Control Act of 2011

Published August 1, 2011


Act (Proposed)

Budget Control Act of 2011

On July 31, 2011 a compromise was reached between Democratic and Republican leaders and the White House, resulting in this proposed act to raise the U.S.' debt ceiling and implement federal spending reductions. The House and Senate approved the measure on August 1 and 2, 2011; it was signed by President Obama on August 2.


More on This Topic

Foreign Affairs Article

Big Ben

Author: Adam S. Posen

The biggest revelation offered by Ben Bernanke’s memoir of his time as chair of the U.S. Federal Reserve is just how much the public, the...

Foreign Affairs Article

What Caused the Crash?

Author: Athanasios Orphanides

Crises are an inevitable outgrowth of the modern capitalist economy. So argues Martin Wolf, chief economics commentator for the Financial...

Foreign Affairs Article

Can Economists Learn?

Author: Alan S. Blinder

A recent book of essays by top economists suggests that many of the lessons of the 2008 financial crisis were ones that should have been...