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.