Campaign 2012Campaign 2012

Primary Sources

PrintPrint EmailEmail ShareShare CiteCite


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

Research Links

Debt and Deficits

What's the difference between debt and deficit? What does the "fiscal cliff," a combination of tax increases and spending cuts, mean for...


Born in 1988? Sorry.

Author: Peter R. Orszag

Peter R. Orszag writes that being born 20 years before a time of high unemployment can keep your earnings relatively low—and erode your...


Politics-Proof Economies?

Authors: David Brady and A. Michael Spence
Project Syndicate

A. Michael Spence and David Brady argue that reformers facing tough constraints on fiscal policy can have a bigger impact on growth by...

Foreign Affairs Article

Blind Oracle

Author: Richard Katz

In his recent essay "Never Saw It Coming" (November/December 2013), Alan Greenspan makes two central arguments: first, that virtually no one...