{"id":225465,"date":"2025-06-09T13:57:01","date_gmt":"2025-06-09T17:57:01","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?post_type=glossary-terms&#038;p=225465"},"modified":"2025-06-09T13:57:02","modified_gmt":"2025-06-09T17:57:02","slug":"congressional-budget-office","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/congressional-budget-office\/","title":{"rendered":"Congressional Budget Office"},"content":{"rendered":"\n<p>The Congressional Budget Office (CBO) is a nonpartisan agency that provides budgetary and economic analysis to the U.S. Congress. Created by the Congressional Budget Act of 1974, the CBO plays a central role in estimating the fiscal effects of proposed legislation, projecting future federal budget outcomes, and assessing macroeconomic conditions. Its independence and credibility are critical to informed policymaking.<br><br>The CBO produces a variety of reports, including the Budget and Economic Outlook, long-term projections, and cost estimates of bills under consideration. For example, if Congress is debating a new tax credit, the CBO will estimate its 10-year budgetary impact. These projections influence legislative negotiations and provide a benchmark for accountability and transparency in government finance.<br><br>Beyond budget estimates, the CBO\u2019s work affects investor sentiment and economic forecasts. Its projections on deficits, debt, GDP growth, and interest rates are closely followed by financial analysts, rating agencies, and the media. Though not always politically convenient, the CBO\u2019s rigor and nonpartisan approach help preserve fiscal discipline and market confidence in U.S. policymaking.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Congressional Budget Office (CBO) is a nonpartisan agency that provides budgetary and economic analysis to the U.S. Congress. Created by the Congressional Budget Act of 1974, the CBO plays a central role in estimating the fiscal effects of proposed legislation, projecting future federal budget outcomes, and assessing macroeconomic conditions. <\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13256,13278,13251],"class_list":{"0":"post-225465","1":"glossary-terms","2":"type-glossary-terms","3":"status-publish","5":"traders-glossary-trading-terms-c","6":"traders-glossary-ibkr-traders-glossary","7":"traders-glossary-trading-alphabet"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"The Congressional Budget 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