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Congressional Budget Office CBO is strictly nonpartisan; conducts objective, impartial analysis; and hires its employees solely on the basis of professional competence without regard to political affiliation CBO does not make policy recommendations, and each report and cost estimate summarizes the methodology underlying the analysis
Budget | Congressional Budget Office CBO's regular budget publications include semiannual reports on the budget and economic outlook, annual reports on the President's budget and the long-term budget picture, and a biannual set of options for reducing budget deficits
Key Budget and Economic Data | Congressional Budget Office CBO regularly publishes data to accompany some of its key reports These data have been published in the Budget and Economic Outlook and Updates and in their associated supplemental material, except for that from the Long-Term Budget Outlook
Introduction to CBO - Congressional Budget Office 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
Outlook for the Budget and the Economy - Congressional Budget Office CBO's Budget and Economic Outlook, typically produced in January each year and updated in August, includes an economic forecast and projections of spending and revenues under current law—known as baseline projections—over the next 10 years CBO also updates its budget projections each spring in conjunction with its analysis of the President's budgetary proposals By showing outcomes if
10 Things to Know About CBO - Congressional Budget Office 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
Frequently Asked Questions | Congressional Budget Office Where can I find CBO's latest budget and economic projections? CBO issues 10-year budget projections (usually three times a year), 10-year economic forecasts (usually twice a year), reports on spending and revenues in the current fiscal year (monthly), and long-term budget projections (once a year)
H. R. 1, One Big Beautiful Bill Act (Dynamic Estimate) The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) previously reported that H R 1, the One Big Beautiful Bill Act, as passed by the House of Representatives on May 22, would increase the primary deficit by $2 4 trillion over the 2025-2034 period [1] That estimate reflects a $3 7 trillion reduction in revenues and a $1 3 trillion reduction in noninterest
Cost Estimates - Congressional Budget Office Cost Estimates CBO is required to produce a cost estimate for nearly every bill approved by a full committee of the House of Representatives or the Senate Estimates include statements concerning intergovernmental and private-sector mandates as defined in the Unfunded Mandates Reform Act