Congressional Budget Office

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Definition of the Congressional Budget Office:

The Congressional Budget Office is a nonpartisan federal government agency responsible for providing economic analyses of the economy and government proposals.

Detailed Explanation:

The Congressional Budget Office's (CBO) responsibility is to provide a thorough, non-biased analysis of proposed government policies so leaders in Congress are better informed prior to casting their ballots. It provides a budget and economic outlook that examines macroeconomic trends and how different proposed policies would affect revenues and costs. Detailed studies related to many topics including: agriculture, health care, climate, education, energy, finance, and many more are provided by the CBO. Visit their website to access any of these studies or learn more. 

Congressional Budget Office

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