Understanding the Budget Control Act
1 August 2011 by Keith Hennessey 1 Comment
This is the second of three posts on the bill agreed to by the President and the bipartisan bicameral leaders of Congress (Speaker Boehner and Leaders Reid, McConnell, and Pelosi).
The other two posts are:
If you have not read my quick summary post, please do so before reading this one. I cover three topics in this post: how taxes are treated in the Joint Committee, how the spending cut trigger works, and the intentional imbalance of triggered spending cuts. All three are critical to the strategic analysis. Continue reading “Understanding the Budget Control Act”