. Congress and the Presidency. 2016;43(3):279-299.Abstract
The Congressional Budget Office, which turned 40 years old in 2015, was created in order to provide the Congress with independent budgetary and economic information. The impact of CBO has been most clearly felt in its cost estimates of pending legislation. CBO is sometimes criticized for its estimates, and the article addresses several of these criticisms. The future influence of CBO will depend on its ability to maintain its nonpartisan reputation.