Congressional Budget Office

Congressional Budget Office definition - finance
The U.S. government agency that reports to Congress on matters dealing with the federal budget. The office makes projections about the budget surplus or deficit along with what effect various spending or tax proposals will have on the budget. The CBO is set up to be nonpartisan. It reports its calculations twice a year to the House and Senate Budget committees.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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