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Articles Posted in Congressional Budget Act of 1974

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An Introduction to the Congressional Budget Office (CBO)

A Congressional Budget Report, January 13, 2026. Learn more about CBO’s work and its processes in a publication that is typically updated at the start of each Congress or a new session. SUMMARY: Lawmakers created the Congressional Budget Office to help Congress play a stronger role in budget matters. CBO…

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CBO Explains Common Sources of Uncertainty in Cost Estimates for Legislation

Report: February 13, 2025. Congressional Budget (CBO) cost estimates, which represent the agency’s best assessment of a bill’s budgetary effects, can be subject to uncertainty arising from various sources. CBO describes how it addresses six common sources of uncertainty. SUMMARY: The Congressional Budget Act of 1974 requires the Congressional Budget…

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