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Read. Follow. Verify.Congressional Budget Office Oversight Hearing
Record date · January 1, 2018
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What This Bill Does
The House Committee on the Budget held a hearing to conclude a five-part series reviewing the operations and effectiveness of the Congressional Budget Office (CBO). This session featured testimony from outside experts and former CBO directors to discuss potential improvements to the agency's processes.
This hearing represents the first comprehensive review of the CBO since its 1974 inception, potentially leading to future legislative changes in how the agency models economic data and supports congressional decision-making.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Congressional Budget Office
The agency is undergoing a comprehensive review of its operations and potential future procedural changes.
Members of Congress
Legislators rely on CBO analysis to make budgetary decisions and are currently evaluating the agency's performance.
Key Facts
- The hearing held on March 14, 2018, concluded a five-part series of oversight hearings regarding the CBO.
- This series marks the first comprehensive review of the CBO since its establishment in 1974.
- The CBO is a nonpartisan support agency tasked with providing budgetary analysis to Congress.
- Previous hearings in the series covered CBO organizational structure, technical work products, modeling assumptions, and member feedback.
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- The committee aims to identify potential improvements to ensure the CBO effectively supports Congress in the 21st century.
Frequently Asked Questions
What is the purpose of the CBO?
Why is the committee reviewing the CBO now?
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News Coverage
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Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
First Comprehensive CBO Review
The document explicitly states this is the first time the CBO has undergone a comprehensive review since its 1974 founding.
Connected Entities
Sources
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Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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