Congressional Budget Office

The Congressional Budget Office (CBO) is a nonpartisan agency of the U.S. federal government that provides economic data and analysis to Congress. Its main responsibilities include estimating the costs of proposed legislation, analyzing the national budget, and projecting the economic impact of government policies. By offering objective reports and forecasts, the CBO helps lawmakers make informed decisions about spending and taxation, ensuring transparency and accountability in fiscal matters. The agency's assessments are crucial for understanding potential financial implications of legislative actions.