Legal Definitions - CBO

CBO

CBO stands for Congressional Budget Office. It is a nonpartisan agency that provides budget and economic information to Congress.

• The CBO released a report on the economic impact of a proposed tax bill.
• Congress relies on the CBO's analysis to make informed decisions about spending and taxes.

These examples show how the CBO provides important information to Congress to help them make decisions about the budget and economy. The CBO's reports and analysis are used to understand the potential effects of proposed legislation and to make informed choices about how to allocate resources.