Congressional Budget Office
The Congressional Budget Office ( CBO ) is an agency of the Congress of the United States with about 240 employees. It was created in 1974 by the Congressional Budget and Impoundment Control Act . The agency had a budget of approximately $ 46.8 million in the 2011 fiscal year.
The authority's task is to examine and estimate the necessary and planned expenditure within a budget year . It takes on the same functions for Congress as the Office of Management and Budget performs for the President. In addition, the agency determines the costs that new bills create. The aim is to provide Congress with independent, verifiable, and timely information to enable effective control of both the budget and government work by the executive branch.
The Congressional Budget Office is headed by a director appointed by the Speaker of the House of Representatives and the President pro tempore of the Senate on the proposal of the budget committees of the two chambers for a term of four years. Keith Hall has held this position since April 2015 . The Director, at its own discretion, will appoint the remainder of the Agency's staff based on the applicants' qualifications. The party affiliation is not taken into account when selecting employees in order to ensure the political independence of the agency.
Web links
Individual evidence
- ↑ Congressional Budget Office - Our Staff (English)
