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Congressional Budget Office: Difference between revisions
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The Congressional Budget Office was created by Title II of the [[Congressional Budget and Impoundment Control Act of 1974]] (Pub. L. 93-344), which was signed into law by President [[Richard Nixon]] on July 12, 1974.<ref>{{Cite web|author=Adam Kelsey|url=https://abcnews.go.com/Politics/spicers-rebuke-puts-spotlight-congressional-budget-office-amid/story?id=46017070|title=What the CBO does and how it gets its numbers|date=March 13, 2017|work=ABC News}}</ref> Official operations began on February 24, 1975, with [[Alice Rivlin]] as director.<ref name="Joyce">Philip Joyce, [https://www.brookings.edu/wp-content/uploads/2016/06/PJ_WorkingPaper9_Feb11_Final.pdf The Congressional Budget Office at Middle Age], Working Paper #9, Hutchins Center on Fiscal & Monetary Policy, [[Brookings Institution]] (February 17, 2015).</ref> | The Congressional Budget Office was created by Title II of the [[Congressional Budget and Impoundment Control Act of 1974]] (Pub. L. 93-344), which was signed into law by President [[Richard Nixon]] on July 12, 1974.<ref>{{Cite web|author=Adam Kelsey|url=https://abcnews.go.com/Politics/spicers-rebuke-puts-spotlight-congressional-budget-office-amid/story?id=46017070|title=What the CBO does and how it gets its numbers|date=March 13, 2017|work=ABC News}}</ref> Official operations began on February 24, 1975, with [[Alice Rivlin]] as director.<ref name="Joyce">Philip Joyce, [https://www.brookings.edu/wp-content/uploads/2016/06/PJ_WorkingPaper9_Feb11_Final.pdf The Congressional Budget Office at Middle Age], Working Paper #9, Hutchins Center on Fiscal & Monetary Policy, [[Brookings Institution]] (February 17, 2015).</ref> | ||
The CBO's creation stems from a fight between President [[Richard Nixon]] and a | The CBO's creation stems from a fight between President [[Richard Nixon]] and a Democratic-controlled [[United States Congress|Congress]]. Congress wanted to protect its [[power of the purse]] from the executive.<ref name=":0">{{Cite news|author=Sarah Binder|url=https://www.washingtonpost.com/news/monkey-cage/wp/2017/03/15/this-is-why-the-congressional-budget-office-will-likely-survive-republican-attacks/|title=This is why the Congressional Budget Office will likely survive Republican attacks|newspaper=Washington Post|date=March 15, 2017}}</ref><ref>{{Cite news|url=https://www.vox.com/policy-and-politics/2017/3/13/14860856/congressional-budget-office-cbo-explained|title=The Congressional Budget Office, explained|work=Vox|access-date=2017-03-23}}</ref> The CBO was created "within the legislative branch to bolster Congress's budgetary understanding and ability to act. Lawmakers' aim was both technical and political: Generate a source of budgetary expertise to aid in writing annual budgets and lessen the legislature's reliance on the president's [[Office of Management and Budget]]."<ref name=":0" /> In 2015, the Brookings Institution reported that since its creation, the CBO has since supplanted the OMB "as the authoritative source of information on the economy and the budget in the eyes of Congress, the press, and the public."<ref name="Joyce"/> | ||
==Mission== | ==Mission== | ||