Budget Control Act of 2011: The Effects on Spending and the Budget Deficit When the Automatic Spending Cuts are Implemented

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By Mindy R. Levit (au); Marc Labonte (au)
Year: 2012
Pages: 19
Binding Paperback
ISBN 978-1-4578-3190-4

Product Code: 1457831902

Description

Following a lengthy debate over raising the debt limit, the Budget Control Act of 2011 (BCA) was signed into law by President Obama on August 2, 2011. In addition to including a mechanism to increase the debt limit, the BCA contained a variety of measures intended to reduce the budget deficit through spending reductions. Combined, these measures are projected to reduce the deficit by roughly $2 trillion over the FY 2012-21 period. Contents of this report: Background on the BCA of 2011; Effects of the BCA on Overall Spending Levels: BCA Spending Cuts Relative to a Baseline Projection; Spending Trends: Historical and Projected Under the BCA; Effects of the BCA on the Budget Deficit. Charts and tables. This is a print on demand report.

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