Fifty years ago today, CBO began its service to the Congress and the country. Much has changed since then, but the agency’s mission—to provide objective, nonpartisan information to support the Congressional budget process—remains the same.
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.
This working paper introduces two measures that highlight the relationship between changes in federal fiscal policy and economic growth and includes projections of those measures through fiscal year 2026.
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