CBO (Congressional Budget Office)

The Congressional Budget Office (CBO) is a nonpartisan agency in the U.S. Congress that provides budgetary and economic analysis. Its primary role is to help Congress understand the financial impacts of proposed legislation by producing reports that estimate costs and economic effects. Founded in 1975, the CBO ensures lawmakers have reliable information to make informed decisions about spending, revenues, and the overall budget. By analyzing trends and projecting economic outcomes, the CBO plays a crucial role in the legislative process, contributing to fiscal responsibility and transparency in government finances.