What is the function of the Congressional Budget Office? 🔊
The Congressional Budget Office (CBO) serves a vital function in the U.S. government by providing independent, nonpartisan analysis of federal budget issues. The CBO evaluates proposed legislation, estimating its fiscal impact and projecting the budgetary effects of various policies. This information helps Congress make informed decisions about spending and taxation, contributing to transparency in the budgetary process. Additionally, the CBO plays a crucial role in understanding long-term fiscal challenges, providing essential data that shapes discussions about fiscal responsibility.


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