Created by the Budget and Impoundment Control Act of 1974. Non-partisan office that provides the House and Senate with budget-related information and analyses of alternative fiscal policies.
office of budgetary experts that provides Congress with estimates of how much money programs will cost and taxes will provide.
The Congressional Budget Office determines the costs of government programs and of changes being proposed by Congress.
A nonpartisan office serving Congress whose role is to provide independent, technical economic and budgetary information to Congress. CBO was created by the Congressional Budget Act of 1974 to free Congress from relying on the administration's Office of Management Budget (OMB) for budgetary and economic information. But CBO is not a mirror image of OMB. OMB serves the President and acts as an advocate for the President's policies. The CBO is intended to be independent and objective with regard to policy proposals. (See Office of Management Budget.)
Created in the Budget Act of 1974, it provides Congress with its own alternative, legislative branch-based fiscal policy projections and estimates.
The Congressional Budget Office was created by Congress to provide non-partisan analysis for economic and budgetary decisions. It has also issued a report concerning the health of the Social Security program. 2019 - The year CBO projects that the benefits the program pays will be larger than the payroll tax revenue it receives. 2052 - The year CBO projects the program will no longer be solvent. CBO estimates that the program will be able to pay 80 percent of scheduled benefits.
Legislative Branch office that provides Congress with objective analyses, information, and estimates of the budget and economy that assist the congressional budget process. CBO presents options and alternatives for Congress to consider but does not make recommendations on policy. Go to CBO.
CBO aims to provide Congress with the objective, timely, nonpartisan analysis needed for economic and budget decisions required for the congressional budget process. Its subject matter tends to reflect the wide array of activities that the federal budget covers and the major role the budget plays in the U.S. economy.
Budget organization created by the Congressional Budget Impoundment and Control Act of 1974 which provides staff assistance to Congress on the Budget.
Established in 1974 to assist Congress in strengthening its control over the federal budget. CBO provides information and analysis on economic trends and budget requirements. CBO also functions as a "scorekeeper" in the congressional budget process, comparing current authorizations and appropriations to ceilings on overall government expenditures, budget authority and outlays set by Congress' annual budget resolution. 6
A non-partisan agency of Congress responsible for projecting the future path of the federal budget, estimating the budgetary effects of proposed legislation, and analyzing issues that may affect the federal budget. Congress typically considers CBO the official scorekeeper for budget legislation, although Congress has sometimes adjusted CBO estimates. See Joint Committee on Taxation (JCT) and Office of Management and Budget (OMB).
Provides Congress with nonpartisan analyses for economic and budget decisions and with estimates required for the Congressional budget process. It is a small, nonpartisan agency that provides economic and budgetary analysis to the Congress.
The Congressional Budget Office is a federal agency within the legislative branch of the United States government. It was created by the Congressional Budget and Impoundment Control Act of 1974.