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Congressional Budget Office's Overview

Total employees262
HeadquartersWashington
Founded1974

The Congressional Budget Office (CBO) is a nonpartisan federal agency within the legislative branch of the United States government. Established by the Congressional Budget and Impoundment Control Act of 1974, CBO provides independent analyses of budgetary and economic issues to support the Congressional budget process. Its mission is to provide Congress with objective, impartial, and timely information, analyses, and estimates related to federal economic and budgetary decisions, helping lawmakers make informed policy choices. CBO produces numerous reports, including economic forecasts, budget projections, and cost estimates for proposed legislation.

Where is Congressional Budget Office's Headquarters?

HQ Function

The headquarters serves as the central hub for all CBO operations, including economic forecasting, budget analysis, policy research, report generation, and direct support to Congressional committees.

Notable Features:

Located within a federal office building complex near the U.S. Capitol, facilitating direct interaction with lawmakers and their staff. The building is designed for secure government operations.

Work Culture:

The work culture at CBO is characterized by a commitment to nonpartisanship, objectivity, analytical rigor, and public service. Employees are typically highly educated professionals specializing in economics, public policy, and statistics.

HQ Significance:

Its D.C. location is crucial for fulfilling its mandate to provide direct and timely support to Congress, enabling close collaboration and responsiveness to legislative needs.

Values Reflected in HQ: The headquarters' operations reflect CBO's core values of independence, impartiality, accuracy, and transparency in serving the legislative branch of the U.S. government.

Location:

The Congressional Budget Office's mandate is focused on the United States federal budget and economy. It does not maintain international offices or have a global operational presence in the way a multinational corporation would. However, its analyses and reports are closely monitored by international governments, financial institutions, and economists worldwide due to the significant impact of U.S. economic policies on the global economy.

Street Address:

Ford House Office Building, Second and D Streets, SW

City:

Washington

State/Province:

D.C.

Country:

USA

Congressional Budget Office's Global Presence

Buying Intent Signals for Congressional Budget Office

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Notable news
Hiring actively
Corporate Finance
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*Example signal, not calculated in real time

Executive Team of Congressional Budget Office

As of April 2025, Congressional Budget Office' leadership includes:

Phillip L. Swagel - Director
Mark Hadley - Deputy Director
Theresa Gullo - Associate Director for Budget Analysis
Edward Harris - Assistant Director for Budget Analysis (Health, Retirement, and Long-Term Analysis)
Sebastien Gay - Director of Macroeconomic Analysis
Joseph Kile - Assistant Director for Microeconomic Studies
Deborah Kilroe - General Counsel

Investors of Congressional Budget Office

Congressional Budget Office has been backed by several prominent investors over the years, including:

The Congressional Budget Office is a U.S. government agency within the legislative branch. It is funded through federal appropriations by the U.S. Congress, not by private investors.

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits0

Executive leadership at CBO tends to be stable, with appointments typically for set terms. Phillip L. Swagel's term as Director was renewed, starting June 2023. No other major high-level executive transitions have been prominently announced in the last 12 months. Minor staffing changes at other senior levels may occur but are not typically widely publicized as executive reshuffles.

New Appointments:

Phillip L. Swagel, Phillip L. Swagel was reappointed and began a new four-year term as Director of the CBO.

Technology (Tech Stack) used by Congressional Budget Office

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Congressional Budget Office Email Formats and Examples

The Congressional Budget Office, like many U.S. government agencies, primarily uses the domain @cbo.gov. Common formats often involve the first initial and last name, or first name and last name separated by a dot. Exact internal structures may vary.

[firstinitial][lastname]@cbo.gov or [firstname].[lastname]@cbo.gov

Format

pswagel@cbo.gov (This is an example based on common patterns; actual email addresses should be verified via official CBO contact channels.)

Example

70%

Success rate

News and media

cbo.govJune 18, 2024

Congressional Budget Office: An Update to the Budget and Economic Outlook: 2024 to 2034

CBO released its updated projections for the U.S. budget and economy for the period 2024 to 2034. The report indicates a larger projected deficit for 2024 compared to earlier estimates, primarily due to legislative actions, administrative measures, and changes in economic outlook. Federal debt held by the public is projected to rise significantly over the next decade....more

cbo.govMay 15, 2024

Congressional Budget Office: Monthly Budget Review: April 2024

The CBO reported a federal budget surplus of $210 billion in April 2024, primarily due to quarterly tax receipts. However, for the first seven months of fiscal year 2024, the deficit was $855 billion, slightly less than the same period in the previous year when adjusted for timing shifts....more

cbo.govFebruary 7, 2024

Congressional Budget Office: The Budget and Economic Outlook: 2024 to 2034

CBO published its baseline budget and economic projections, forecasting moderate economic growth and a gradually increasing budget deficit over the next decade. The report highlighted long-term fiscal challenges driven by rising interest costs and spending on major healthcare programs and Social Security....more

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