CBO

Extracted Attributes

• Type

  Federal agency

• Branch

  Legislative branch of the United States government

• Nature

  Nonpartisan

• Purpose

  Provide budget and economic information to Congress, support the Congressional budget process, help Congress make effective budget and economic policy

• Director

  Phillip Swagel

• Agency Name

  Congressional Budget Office (CBO)

• Formed Date

  1974-07-12

• Founding Act

  Congressional Budget and Impoundment Control Act of 1974

• Headquarters

  Ford House Office Building, 4th Floor Second and D Streets, SW Washington, D.C. 20515

• Policy Stance

  Does not make policy recommendations

• Deputy Director

  Mark Hadley

• Employees (FY 2020)

  250

• Annual Budget (FY 2020)

  $55.0 million

Timeline

• The Congressional Budget Office (CBO) was formed and established by the Congressional Budget and Impoundment Control Act of 1974. (Source: Summary, Wikipedia, Web Search)

  1974-07-12

• The CBO provides objective, nonpartisan budget and economic information to Congress, including cost estimates for proposed legislation and reports on various topics. (Source: Summary, Wikipedia, Web Search)

  Ongoing

• The CBO's forecasts are widely considered credible by economists and academics, despite occasional criticism from politicians regarding politically inconvenient estimates. (Source: Summary, Wikipedia)

  Ongoing

• The CBO's fiscal impact assessments of policies, such as tariffs on countries like Vietnam, are believed by some (e.g., David Friedberg and Chamath Palihapitiya) to be underestimated. (Source: Summary, Related Document)

  Recent/Ongoing

Congressional Budget Office

The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974. Whereas politicians on both sides of the aisle have criticized the CBO when its estimates have been politically inconvenient, economists and other academics overwhelmingly reject that the CBO is partisan or that it fails to produce credible forecasts. There is a consensus among economists that "adjusting for legal restrictions on what the CBO can assume about future legislation and events, the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals."

Web Search Results

• Congressional Budget Office - Wikipedia

  Wikipedia # Congressional Budget Office The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974. Congressional Budget Office [...] According to George Washington University political scientist Sarah Binder, the CBO "has emerged over its history as a neutral analyst of congressional budgets and cost estimates for proposed legislation." The agency has "a nonpartisan staff culture". [...] | | | | --- | --- | | Logo | | | Agency overview | | | Formed | July 12, 1974 | | Headquarters | Ford House Office Building, 4th Floor Second and D Streets, SW "Southwest (Washington, D.C.)") Washington, D.C. 20515 | | Employees | 250 | | Annual budget | $55.0 million (FY 2020) | | Agency executives | Phillip Swagel, Director Mark Hadley, Deputy Director | | Website | www.cbo.gov Edit this at Wikidata | Edit this at Wikidata

• Chief business officer - Wikipedia

  Chief business officer (CBO) is the position of the top operating executive of growing commercial companies or an academic/research institution (such as a university, college, institute, or teaching hospital). In the commercial space, CBO shows leadership in deal-making experience with a clear record of results and ultimate transactional responsibility. In higher education, the titles of vice president, associate dean, assistant dean, and director are also used for the role of the chief [...] A CBO is responsible for the administrative, financial, and operations management of the organization, often combining the roles of chief administrative officer (CAO), chief financial officer (CFO), and chief operating officer (COO). As a result, the executive holding the CBO position, by definition, will usually possess a broader range of experience and a more extensive skill set than individuals serving in those C-level positions. [...] In the biotechnology, information technology, and emerging innovation industries, the chief business officers assume full management responsibility for the company’s deal-making, provide leadership and execute a deal strategy that will allow the company to fulfill its scientific/technology mission and build shareholder value, and provides managerial guidance to the company’s product development staff as needed. Reporting directly to a board of directors or the CEO of the company, a CBO

• Introduction to CBO | Congressional Budget Office

  Lawmakers created the Congressional Budget Office to help the Congress play a stronger role in budget matters. CBO was established by the Congressional Budget Act of 1974 (the Budget Act) to provide objective, nonpartisan information to support the Congressional budget process and to help the Congress make effective budget and economic policy. The agency offers an alternative to the information provided by the Office of Management and Budget and other agencies in the executive branch. [...] Each year, the agency's economists, budget analysts, and other experts (such as demographers and engineers) fulfill thousands of requests for technical assistance, produce hundreds of cost estimates for proposed legislation, and prepare dozens of reports and other materials on a variety of topics. CBO conducts objective, impartial analysis and hires employees without regard to political affiliation. The agency does not make policy recommendations. [...] The Congress sets CBO's priorities. Under the Budget Act, CBO works for all Congressional committees, with its chief responsibility being to help the Budget Committees with the matters under their jurisdiction. Priority under the act is also given to the House and Senate Appropriations, House Ways and Means, and Senate Finance Committees. The agency also works closely with the leadership of both chambers.

• 10 Things to Know About CBO | Congressional Budget Office

  1. Lawmakers created the Congressional Budget Office to help the Congress play a stronger role in budget matters. CBO was established by the Congressional Budget Act of 1974 (the Budget Act) to provide objective, nonpartisan information to support the Congressional budget process. CBO helps the Congress make effective budget and economic policy and offers an alternative to the information provided by the Office of Management and Budget and other agencies in the executive branch. [...] 6. CBO is objective, impartial, and nonpartisan. The agency makes no policy recommendations. It hires people on the basis of their expertise and without regard to political affiliation. CBO carefully considers whether potential analysts can perform objective analysis, regardless of their personal views. And it enforces strict ethics rules that prevent conflicts of interest and preserve the objectivity of CBO's analyses. [...] One of CBO's statutory requirements is to produce certain reports, notably the annual Budget and Economic Outlook. That report presents CBO's budget and economic projections for the coming decade (commonly referred to as baseline projections). The projections reflect the assumption that current laws governing federal spending and revenues will generally remain in place.

• What is a CBO? - University of Michigan School of Public Health

  Logo for the School of Public Health # What is a CBO? What is a Community–Based Organization (CBO)? The following definition of a CBO was created during the 2002 and 2003 planning meetings and adopted by NCBON members at the NCBON Organizational Meeting at the APHA Annual Meeting in Washington DC in 2004. A Community–Based Organization is one that is driven by community residents in all aspects of its existence. By that we mean: ## Information For ## About Us ## Student Resources

• Instance Of

  Q4167410