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.
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.
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.
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.
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.
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.
Ford House Office Building, Second and D Streets, SW
Washington
D.C.
USA
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As of April 2025, Congressional Budget Office' leadership includes:
Congressional Budget Office has been backed by several prominent investors over the years, including:
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.
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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
cbo.gov • June 18, 2024
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.gov • May 15, 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.gov • February 7, 2024
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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