Entities

Congressional Budget Office

Nickname
CBO
Acronym
CBO
Link
Founding Date
1974

The Congressional Budget Office is a bipartisan federal agency with the legislative branch of the U.S. government that analyzes the economy and provides budget to the Congress. It also aids the Senate and House Budget Committees. It reviews the president's annual budget. It also reports on the deficit impact of every important piece of legislation.

  • Estimates what the federal budget surplus/deficit will be going into the future
  • Also measures the amount of debt as a % of GDP
  • Stopped calculating 75 year projections in 2016 - stopped at 30 years