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Overview Edit

The Congressional Budget Office (CBO) was founded on July 12, 1974, with the enactment of the Congressional Budget and Impoundment Control Act.[1] The agency began operating on February 24, 1975. The CBO's mandate is to provide the Congress with:

  • Objective, nonpartisan, and timely analyses to aid in economic and budgetary decisions on the wide array of programs covered by the federal budget, and
  • The information and estimates required for the Congressional budget process.

References Edit

  1. Pub. L. No. 93-344.

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