Congressional Budget Office

From Wikipedia, the free encyclopedia

The Congressional Budget Office is a federal agency within the legislative branch of the United States government. It was created by the Congressional Budget and Impoundment Control Act of 1974.

With respect to the estimation of spending for Congress, the Congressional Budget Office serves a purpose parallel to that of the Joint Committee on Taxation for the estimation of revenue for Congress, the Department of the Treasury for the estimation of revenues for the executive branch, and the Office of Management of Budget for the estimation of spending for the executive branch.

The responsibilities of this office include projecting the budgetary effects of proposed legislation. The main goal is to provide Congress with objective, timely, nonpartisan analyses needed for economic and budget decisions and with the information and estimates required for the Congressional budget process. This includes projections on the effect on national debt.

Directors

Peter R. Orszag	January 19, 2007 -
Donald B. Marron (Acting)	December 29, 2005 – January 2007
Douglas Holtz-Eakin	February 5, 2003 - December 29, 2005
Barry B. Anderson (Acting)	January 3, 2003 – February 5, 2003
Dan L. Crippen	February 3, 1999 - January 3, 2003
James Blum (Acting)	January 29, 1999 – February 3, 1999
June E. O'Neill	March 1, 1995 - January 29, 1999
Robert D. Reischauer	March 6, 1989 - February 28, 1995
James L. Blum (Acting)	- March 6, 1989
Edward M. Gramlich (Acting)	April 28, 1987 -
Rudolph G. Penner	September 1, 1983 - April 28, 1987
Alice M. Rivlin	February 24, 1975 - August 31, 1983

[edit] See also

• United States federal budget

[edit] External links

• CBO website

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