Deficit Reduction and the Debt Ceiling

The debate surrounding the deficit reduction and the debt ceiling for FY 2012 has many implications for aging and disability policies, especially Older Americans Act (OAA) services. This brief outlines the current negotiations and proposals put forth to reach a long-term, bipartisan budget reduction agreement, including the McConnell Plan; the McConnell-Reid Plan; the Gang of Six; the Coburn Plan; and the Senate Budget Resolution. The Congressional Appropriations process is also discussed.