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USA - August 19 2011 As speculation continues to swirl around the looming work of the Super Committee, White House Office of Management and Budget Director Jack Lew sent a memo to all federal agencies asking them to lower their 2013 budget requests to show cuts of 5-10%.
USA - August 15 2011 Over the course of the last week, party leaders in the House and the Senate made their choices for the new Joint Select Committee on Deficit Reduction. Known as the “Super Committee”, this body will make recommendations for spending cuts totaling at least $1.2 trillion over the next decade.
USA - August 8 2011 Despite Congress being on recess, work continues on the implementation of the Budget Control Act of 2011; most notably, leaders in both parties in both chambers are busy figuring out which Members will be appointed to the “Super Committee.”
USA - August 1 2011 After months of negotiations and various failed proposals, President Obama, House Speaker John Boehner, Senate Majority Leader Harry Reid, and Senate Minority Leader Mitch McConnell announced late on Sunday, July 31st, that they had reached an agreement to raise the federal government’s debt ceiling, just two days ahead of the deadline set by Treasury Secretary Geithner in order to avoid the nation’s first ever default.
USA - July 25 2011 Implementation of the Affordable Care Act (ACA).