Congressional Budget Office

The Congressional Budget Office, known as the CBO, is a federal agency of the United States legislative branch that provides budget and economic information to Congress, established on July 12, 1974 through the Congressional Budget and Impoundment Control Act as a nonpartisan body meant to strengthen the budgetary expertise of Congress itself and reduce its reliance on the executive branch. Headquartered in Washington in the Ford House Office Building, it employs about 250 people on an annual budget of 74.8 million dollars for fiscal year 2026, and economists and academics broadly regard its forecasts as credible even though lawmakers on both sides sometimes criticize findings that cut against their own policy positions. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/