BUDGET BULLETIN - Cap Adjustments: How the Government Raises Its Spending Limit
The 2011 Budget Control Act (BCA) allows for several cap adjustments to increase spending for specified purposes without triggering a breach of statutory spending limits. These adjustments, which have grown in number in successive spending deals, have supported a staggering $890 billion in discretionary spending beyond the BCA’s base caps.
View the July 18 Budget Bulletin online here.
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