Passage of the Budget Control Act of 2011 was not enough to avert, three days later, Standard & Poor's downgrading the nation's credit rating for the first time in the firm's history, from "AAA" (highest) to "AA+" (second highest).
The Budget Control Act of 2011 (BCA) authorized two types of spending to exceed the established spending caps: disaster and emergency.
Due to Budget Control Act of 2011 requirements to cut the Defense Budget for FY2013 and subsequent years, plans are being considered to decommission some of the Ticonderoga-class cruisers.
2011 | Act of Parliament | Act | 2011 ATP Challenger Tour | Statute Law Revision Act 1948 | Statute Law Revision Act 1888 | Centers for Disease Control and Prevention | 2011 ATP World Tour | Act of Congress | 2011 Rugby World Cup | Transmission Control Protocol | 2011 ITF Women's Circuit | 2011 TÅhoku earthquake and tsunami | 2011 Pan American Games | 2011 Christchurch earthquake | Reform Act 1832 | Patient Protection and Affordable Care Act | Endangered Species Act | Centers for Disease Control | Digital Millennium Copyright Act | Clean Water Act | American Recovery and Reinvestment Act of 2009 | 2011 Summer Universiade | National School Lunch Act | 2011 Pacific Games | Statute Law Revision Act 1863 | Criminal Justice Act 1988 | Local Government Act 1972 | Americans with Disabilities Act of 1990 | Miss Universe 2011 |
The 2014 United States federal budget was not submitted by the President until April 10, 2013 due to negotiations over the United States fiscal cliff and implementation of the sequester cuts mandated by the Budget Control Act of 2011.
The downgrade to AA+ occurred four days after the 112th United States Congress voted to raise the debt ceiling of the federal government by means of the Budget Control Act of 2011 on August 2, 2011.