Budget Control Act of 2011: 112th United States Congress, President of the United States, United States debt-ceiling crisis - Couverture souple

Couverture souple

ISBN 10 : 6137284433 ISBN 13 : 9786137284438

Editeur : OmniScriptum, 2026

Synopsis

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Budget Control Act of 2011, was passed by the 112th United States Congress on August 2, 2011, and signed into law by President Barack Obama on that same day. It brought conclusion to the 2011 United States debt ceiling crisis, which had threatened to lead the United States into sovereign default on or about August 3. The law involves the introduction of several complex mechanisms, such as creation of the Congressional Joint Select Committee on Deficit Reduction and options for a Balanced Budget Amendment. Debt limit: The debt limit is increased by $400 billion immediately. The President may request a further increase of $500 billion, which is subject to a congressional motion of disapproval which the President may veto, in which case a two-thirds majority in Congress would be needed to override the veto. This has been called the 'McConnell mechanism' after the Senate Minority Leader, who first suggested it

Détails de l'édition

• Éditeur: OmniScriptum
• Date d'édition: 2026
• Langue: anglais
• ISBN 10: 6137284433
• ISBN 13: 9786137284438
• Reliure: Broché
• Nombre de pages: 180
• Éditeur: Cristóbal Barnabas
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible