Provides background on P.L. 112-25, the Budget Control Act of 2011 (BCA), which provided for an increase in the statutory limit on the public debt, in conjunction with discretionary spending caps that began in FY2012 and an automatic spending reduction process that began in FY2013. Discusses legislative changes affecting the BCA and focuses on how these changes have altered spending levels and deficit projections.
ProQuest U.S. Congressional Research Digital Collection
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CRS Report. Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.