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Honoring Hometown Heroes Act
The Bipartisan Budget Act of 2018 is a Law of the United States#Federal law, federal statute concerning spending and the budget in the United States, that was signed into law by President of the United States, President Donald Trump on February 9, 2018. Delays in the passage of the bill caused United States federal government shutdowns of 2018, a nine-hour funding gap. The bill is the third in a series that increased spending caps originally imposed by the Budget Control Act of 2011; the first two were the Bipartisan Budget Act of 2013 and the Bipartisan Budget Act of 2015. Provisions The bill combined several provisions, including: * It included a continuing resolution (with short title Further Extension of Continuing Appropriations Act, 2018) lasting until March 23, 2018. * Spending caps imposed by the Budget Control Act of 2011 were increased for both defense and nondefense spending, although defense spending was increased more. The defense discretionary funding cap was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budget Control Act Of 2011
The Budget Control Act of 2011 () is a federal statute enacted by the 112th United States Congress and signed into law by US President Barack Obama on August 2, 2011. The Act brought conclusion to the 2011 US debt-ceiling crisis. The law involves the introduction of several complex mechanisms, such as creation of the Congressional Joint Select Committee on Deficit Reduction (sometimes called the "super committee"), options for a balanced budget amendment, and automatic budget sequestration. Provisions Debt ceiling: * The debt ceiling was increased by $400 billion immediately. * The President could 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 Mitch McConnell, who first suggested it as part of another scheme. * The Pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
