The Budget Control Act of 2011

The Budget Control Act of 2011 was legislation enacted by the U.S. Congress to address the federal deficit and prevent default on government debt. It established caps on discretionary spending for federal programs, aiming to reduce overall government expenditures over time. The Act also created a process called the "Supercommittee" to find additional savings and included mechanisms to raise the debt ceiling if necessary, with bipartisan oversight. Its goal was to promote fiscal responsibility, control spending, and stabilize the economy while balancing the need for government services.