Budget Control Act of 2011

Budget Control Act of 2011 (Engrossed Amendment House – EAH)[S.365.EAH]. Pub. L. No. 112-25, 140 Stat. 240

  • Sovereign Default: Putting the United States’ Debt-Ceiling Debate in Context – Why Self Help Is the Only Option: “Justia columnist and U. Washington law professor Anita Ramasastry provides important background on the United States’ debt ceiling debate, explaining exactly why the United States—unlike other countries – has only one option when the risk of sovereign default looms: self help. Ramasastry first considers how other countries typically handle sovereign default or distress, then covers the reasons why the United States’ situation is very different, and concludes by examining why there has been such a great need for Congress and President Obama to reach a resolution of this issue.”
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