The Joint Select Committee on Deficit Reduction, colloquially referred to as the Supercommittee, was a joint select committee of the United States Congress, created by the Budget Control Act of 2011 on August 2, 2011. This act was intended to prevent the sovereign default that could have resulted from the 2011 United States debt-ceiling crisis. The objective of the committee was to develop a deficit reduction plan over 10 years in addition to the $917 billion of cuts and initial debt limit increase of $900 billion in the Budget Control Act of 2011 that avoided a U.S. sovereign default. The committee recommendation was to have been subject to a simple vote by the full legislative bodies without amendment; this extraordinary provision was included to limit partisan gridlock. The goal outlined in the Budget Control Act of 2011 was to cut at least $1.5 trillion over the coming 10 years (avoiding much larger "sequestration" across-the-board cuts which would be equal to the debt ceiling increase of $1.2 trillion incurred by Congress through a failure to produce a deficit reduction bill), therefore bypassing Congressional debate and resulting in a passed bill by December 23, 2011. On November 21, the committee concluded its work, issuing a statement that began with the following: "After months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee's deadline." The committee was formally terminated on January 31, 2012. Historical precedents In both form and process, the Joint Select Committee on Deficit Reduction was an unusual construct in the American federal legislative system. The Base Realignment and Closure process provides a partial precedent. Senate historian Donald Ritchie found inexact parallels between the Joint Select Committee and various historical joint committees. The only precedent for the committee's power to write and report legislation is the 1946–1977 Joint Committee on Atomic Energy. Structure and membership The committee comprised twelve members of Congress, six from the House of Representatives and six from the Senate, with each delegation evenly divided between Democrats and Republicans. Three members each were appointed by the Speaker and Minority Leader of the House and by the Majority and Minority Leaders of the Senate. Two of the members were designated as co-chairs, one each by the Senate Majority Leader and by the Speaker of the House. The