President Obama Signs Debt Ceiling Bill

President Obama signs debt ceiling bill
President Obama signs debt ceiling bill

President Barack Obama signs the Budget Control Act of 2011 in the Oval Office, Aug. 2, 2011. (Official White House Photo by Pete Souza)

Statement by the White House Press Secretary

On Tuesday, August 02, 2011, the President signed into law:

S. 365, the “Budget Control Act of 2011,” which provides for authority to increase the public debt limit by between $2.1 trillion and $2.4 trillion; establishes discretionary spending limits for FYs 2012-2021; requires the House and Senate to each vote on passage of a balanced budget amendment to the Constitution; and establishes a congressional Joint Select Committee on Deficit Reduction.

Michael McIntee

Michael McIntee is a former network TV news executive with more than 30 years of broadcasting experience. He began his broadcasting career at the University of Minnesota's student radio station. He is an expert producer, writer, video editor who has a fondness for new technology but denies that he is a geek. More about Michael McIntee »

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