Budget Control Act of 2011

Budget Control Act of 2011

White House and Congressional leaders agree to raise debt ceiling; create joint committee on deficit reduction.

A CCH Special Report
August 1, 2011

With an August 2 deadline looming, Presidnet Obama and Congressional leaders have reached an eleventh hour agreement to raise the Federal debt limit.  The two-part debt deal includes creation of a joint select committee of Congress to deterine aditional deficit reduction measures before year-end.

Read more about the new Budget Control Act of 2011 in this CCH Special Tax Briefing Report. 

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