HOME
ListMoto - Congressional Budget Office


--- Advertisement ---



The Congressional Budget Office
Congressional Budget Office
(CBO) is a federal agency within the legislative branch of the United States government
United States government
that provides budget and economic information to Congress.[1] Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974. There is a consensus among economists that "the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals."[2]

Contents

1 History 2 Mission 3 Operations 4 Divisions 5 Director 6 Reception 7 See also 8 References 9 Further reading 10 External links

History[edit] The Congressional Budget Office
Congressional Budget Office
was created by Title II of the Congressional Budget and Impoundment Control Act of 1974
Congressional Budget and Impoundment Control Act of 1974
(Pub. L. 93-344), which was signed into law by President Richard Nixon
Richard Nixon
on July 12, 1974.[3] Official operations began on February 24, 1975, with Alice Rivlin
Alice Rivlin
as director.[4] The CBO's creation stems from a fight between President Richard Nixon and a Democratic-controlled Congress. Congress wanted to protect its power of the purse from the executive.[5][6] The CBO was created "within the legislative branch to bolster Congress’s budgetary understanding and ability to act. Lawmakers' aim was both technical and political: Generate a source of budgetary expertise to aid in writing annual budgets and lessen the legislature’s reliance on the president's Office of Management and Budget."[5] Since its creation, the CBO has since supplanted the OMB "as the authoritative source of information on the economy and the budget in the eyes of Congress, the press, and the public."[4] Mission[edit] The Congressional Budget Office
Congressional Budget Office
is nonpartisan, and produces "independent analyses of budgetary and economic issues to support the Congressional budget process."[7] Each year, the agency releases reports and cost estimates for proposed legislation, without issuing any policy recommendations. With respect to estimating spending for Congress, the Congressional Budget Office serves a purpose parallel to that of the Joint Committee on Taxation for estimating revenue for Congress, the Department of the Treasury for estimating revenues for the Executive branch. This includes projections on the effect on national debt and cost estimates for legislation.[8] Operations[edit] Section 202(e) of the Budget Act requires the CBO to submit periodic reports about fiscal policy to the House and Senate budget committees to provide baseline projections of the federal budget. This is currently done by preparation of an annual Economic and Budget Outlook plus a mid-year update. The agency also each year issues An Analysis of the President's Budgetary Proposals for the upcoming fiscal year per a standing request of the Senate Committee on Appropriations. These three series are designated essential titles distributed to Federal Depository Libraries and are available for purchase from the Government Publishing Office. The CBO often provides testimony in response to requests from various Congressional committees and issues letters responding to queries made by members of Congress. Divisions[edit] The Congressional Budget Office
Congressional Budget Office
is divided into eight divisions.[9]

Budget Analysis Financial Analysis Health, Retirement, and Long-Term Analysis Macroeconomic Analysis Management, Business, and Information Services Microeconomic Studies National Security Tax Analysis

Director[edit]

Ford House Office Building

The Speaker of the House of Representatives and the President pro tempore of the Senate jointly appoint the CBO Director after considering recommendations from the two budget committees. The term of office is four years, with no limit on the number of terms a director may serve. Either house of Congress, however, may remove the director by resolution. At the expiration of a term of office, the person serving as Director may continue in the position until his or her successor is appointed. The list of directors of the CBO are:[10]

Name Term start Term end

Rivlin, AliceAlice Rivlin 000000001975-02-24-0000February 24, 1975 000000001983-08-31-0000August 31, 1983

Penner, Rudolph G.Rudolph G. Penner 000000001983-09-01-0000September 1, 1983 000000001987-04-28-0000April 28, 1987

Gramlich, Edward Edward Gramlich (Acting) 000000001987-04-28-0000April 28, 1987 000000001987-12-01-0000December 1987

Blum, James L.James L. Blum (Acting) 000000001987-12-01-0000December 1987 000000001989-03-06-0000March 6, 1989

Reischauer, RobertRobert Reischauer 000000001989-03-06-0000March 6, 1989 000000001995-02-28-0000February 28, 1995

O'Neill, June E.June E. O'Neill 000000001995-03-01-0000March 1, 1995 000000001999-01-29-0000January 29, 1999

Blum, James L.James L. Blum (Acting) 000000001999-01-29-0000January 29, 1999 000000001999-02-03-0000February 3, 1999

Crippen, DanDan Crippen 000000001999-02-03-0000February 3, 1999 000000002003-01-03-0000January 3, 2003

Anderson, Barry B.Barry B. Anderson (Acting) 000000002003-01-03-0000January 3, 2003 000000002003-02-05-0000February 5, 2003

Holtz-Eakin, DouglasDouglas Holtz-Eakin 000000002003-02-05-0000February 5, 2003 000000002005-12-29-0000December 29, 2005

Marron Jr., Donald B. Donald B. Marron Jr. (Acting) 000000002005-12-29-0000December 29, 2005 000000002007-01-18-0000January 18, 2007

Orszag, Peter R.Peter R. Orszag 000000002007-01-18-0000January 18, 2007 000000002008-11-25-0000November 25, 2008

Sunshine, Robert A. Robert A. Sunshine (Acting) 000000002008-11-25-0000November 25, 2008 000000002009-01-22-0000January 22, 2009

Elmendorf, DouglasDouglas Elmendorf 000000002009-01-22-0000January 22, 2009 000000002015-03-31-0000March 31, 2015

Hall, KeithKeith Hall 000000002015-04-01-0000April 1, 2015 present

Reception[edit] Whereas politicians on both sides of the aisle have criticized the CBO when its estimates have been politically inconvenient,[11][5] economists and other academics overwhelmingly reject that the CBO is partisan or that it fails to produce credible forecasts. A March 2017 survey of leading economists shows a consensus behind the notion that "adjusting for legal restrictions on what the CBO can assume about future legislation and events, the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals."[2] According to MIT economist David Autor, the "CBO has a good track record with a very difficult assignment. It errs, but not systematically or with partisan intent."[2] According to Yale economist Christopher Udry, "There is no credible evidence of partisan bias."[2] Economist Walter E. Williams wrote in 1998 that the CBO was well-regarded for its "honest numbers" on fiscal and economic matters.[4] According to the Los Angeles Times, "the CBO’s analyses and forecasting are regarded as good or better than others doing similar work... economists say that the CBO’s economic projections generally compare favorably against other outfits, and its long-term budget estimates have been fairly accurate."[11] According to George Washington University political scientist Sarah Binder, the CBO "has emerged over its history as a neutral analyst of congressional budgets and cost estimates for proposed legislation."[5] The agency has "a nonpartisan staff culture".[5] Historically, the House Budget Committee
House Budget Committee
and Senate Budget Committee have insulated the CBO from external pressures and attempts to politicize or weaken the office.[4] Professor Philip Joyce of the University of Maryland School of Public Policy
University of Maryland School of Public Policy
writes:

This is quite surprising, in a sense, given the partisan nature of the Congress. It is not necessarily that these partisans have embraced nonpartisanship as a positive end in itself, however. Rather, the Budget Committees (and especially their leadership and staff) have recognized that a weak CBO (one that does not have a reputation for objective analysis, and whose conclusions are viewed as partisan) is not in their interest. A weak CBO weakens the Budget Committees, and indeed weakens Congress as a whole in its inevitable battles with the executive over budget and economic policy.[4]

See also[edit]

United States Congress United States federal budget Office of Management and Budget Compare:

Legislative Analyst's Office (California) Parliamentary Budget Officer (Canada) National Assembly Budget Office
National Assembly Budget Office
(The Republic of Korea) Office for Budget Responsibility (United Kingdom)

References[edit]

^ O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Upper Saddle River, New Jersey: Pearson Prentice Hall. p. 388. ISBN 0-13-063085-3.  ^ a b c d "The CBO". Initiative on Global Markets (IGM), University of Chicago Booth School of Business. March 21, 2017.  ^ Adam Kelsey (March 13, 2017). "What the CBO does and how it gets its numbers". ABC News.  ^ a b c d e Philip Joyce, The Congressional Budget Office
Congressional Budget Office
at Middle Age, Working Paper #9, Hutchins Center on Fiscal & Monetary Policy, Brookings Institution
Brookings Institution
(February 17, 2015). ^ a b c d e Sarah Binder (March 15, 2017). "This is why the Congressional Budget Office
Congressional Budget Office
will likely survive Republican attacks". Washington Post.  ^ "The Congressional Budget Office, explained". Vox. Retrieved 2017-03-23.  ^ "Introduction to CBO" (PDF). Congressional Budget Office. Retrieved March 15, 2017.  ^ "Introduction to CBO". 21 February 2011.  ^ "Staffing and Organization". Congressional Budget Office. Retrieved 19 February 2014.  ^ "Congressional Budget Office: Appointment and Tenure of the Director and Deputy Director" (PDF).  ^ a b Lee, Don (2017-03-14). "What is the CBO, and can you trust its numbers on the Republican healthcare plan?". Los Angeles Times. ISSN 0458-3035. Retrieved 2017-03-23. 

Further reading[edit]

Allen Schick, Felix LoStracco The Federal Budget: Politics, Policy, Process. Washington, D.C.: Brookings Institution, 2000. Phillip Joyce, "The Congressional Budget Office: Honest Numbers, Power, and Policymaking". Washington, D.C.: Georgetown University Press, 2011.

External links[edit]

Wikimedia Commons has media related to Congressional Budget Office.

Official website CBO Blog CBO publications 1975-1999 at the Wayback Machine
Wayback Machine
(archived June 1, 2011) and 2000- Congress.org: Meet the scorekeepers of spending

v t e

United States Congress

House of Representatives Senate (114th←115th→116th) Lists of congressional lists

Members and leaders

Members

Current

By length of service Freshmen Youngest members Resident Commissioner of Puerto Rico Delegates

Senate

Current

by seniority

Dean of the Senate Former U.S. Senators

living

Earliest serving Earliest living Expelled or censured Classes Born outside the U.S.

House

Current

by seniority

Dean of the House Former U.S. Representatives

living

Oldest living Earliest serving Expelled, censured, and reprimanded

Leaders

Senate

President (list) President pro tempore (list) Majority and minority leaders Assistant party leaders Democratic Caucus (Chair Secretary Policy Committee Chair) Republican Conference (Chair Vice-Chair Policy Committee Chair)

House

Speaker Leaders Bipartisan Legal Advisory Group Democratic Caucus Republican Conference

Districts

List Apportionment

Caucuses, women and minorities

Congressional caucus African Americans in the House

Congressional Black Caucus

African Americans in the Senate Arab and Middle-Eastern members Asian Pacific American members

Congressional Asian Pacific American Caucus

Hispanic and Latino members

Congressional Hispanic Caucus Congressional Hispanic Conference

Jewish members LGBT members

LGBT Equality Caucus

Native American members Women in the House

Congressional Caucus for Women's Issues

Women in the Senate

Related

By length of service historically

Powers, privileges, procedure, committees, history, and media

Powers

Article I Copyright Commerce (Dormant) Contempt of Congress Declaration of war Impeachment Naturalization "Necessary and Proper" Power of enforcement Taxing/spending

Privileges and benefits

Salaries Franking Immunity

Procedure

Act of Congress
Act of Congress
(list) Appropriation bill Blue slip Budget resolution Censure Closed sessions

House Senate

Cloture Concurrent resolution Continuing resolution Dear colleague letter Discharge petition Engrossed bill Enrolled bill Expulsion Joint resolution Joint session (list) Lame-duck session Majority of the majority (Hastert Rule) Multiple referral Procedures (House) Quorum call Reconciliation Rider Saxbe fix Sponsorship Suspension of the rules Unanimous consent Veto

Line-item veto Pocket veto Veto override

Senate-specific

Advice and consent Classes Executive communication Executive session Filibuster Jefferson's Manual Senate Journal Morning business Nuclear option Presiding Officer Recess appointment Reconciliation Riddick's Senate Procedure Senate hold Senatorial courtesy Seniority Standing Rules Tie-breaking votes Traditions Treaty Clause

Committees

Chairman
Chairman
and ranking member Of the Whole Conference Discharge petition Hearings Markup Oversight List (Joint) List (House) List (Senate) Select and special Standing Subcommittees

Items

Gavels Mace of the House Seal of the Senate

History

Biographical Directory Congressional apportionment Divided government House Gerrymandering Party control Senate Senate election disputes Senatorial memoirs Representative memoirs

Media

C-SPAN Congressional Quarterly The Hill Politico Roll Call

Offices, employees, services, and the Capitol Complex

Legislative offices

Congressional staff Government Accountability Office
Government Accountability Office
(Comptroller General) Architect of the Capitol Capitol Police (Capitol Police Board) Capitol Guide Service (Capitol Guide Board) Congressional Budget Office
Congressional Budget Office
(CBO) Compliance Library of Congress Government Publishing Office (GPO) Technology Assessment

Offices

Senate

Curator Historical Library

House

Congressional Ethics Emergency Planning, Preparedness, and Operations Interparliamentary Affairs Legislative Counsel Law Revision Counsel Library

Employees

Senate

Secretary Chaplain Curator Inspector General Historian Librarian Pages Parliamentarian Sergeant at Arms and Doorkeeper

House

Chaplain Chief Administrative Officer Clerk Doorkeeper Floor Operations Floor Services Chief Historian Pages (Page Board) Parliamentarian Postmaster Reading Clerk Sergeant at Arms

Library of Congress

Congressional Research Service
Congressional Research Service
(reports) Copyright Office (Register of Copyrights) Law Library Poet Laureate THOMAS Adams Building Jefferson Building Madison Building

Government Publishing Office

Public Printer Congressional Pictorial Directory Congressional Record Official Congressional Directory United States Government Manual Serial Set Statutes at Large United States Code

Capitol

Brumidi Corridors Congressional Prayer Room Crypt Dome

Statue of Freedom

Rotunda Hall of Columns Statuary Hall Visitor Center The Apotheosis of Washington Statue of Freedom Declaration of Independence painting Scene at the Signing of the Constitution of the United States Apotheosis of Democracy First Reading of the Emancipation Proclamation of President Lincoln Surrender of General Burgoyne Surrender of Lord Cornwallis Revolutionary War Door Westward the Course of Empire Takes Its Way Vice President's Room Vice Presidential Bust Collection

Office buildings

Senate

Dirksen Hart

Mountains and Clouds

Russell

House

Building Commission Cannon Ford Longworth O'Neill Rayburn

Other facilities

Botanic Garden Health and Fitness Facility House Recording Studio Senate chamber Old Senate Chamber Old Supreme Court Chamber Power Plant Webster Page Residence Subway

`

Authority control

WorldCat Identities VIAF: 1448768

.