Meaning of “the Congressional Budget Office” in the English Dictionary

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"the Congressional Budget Office" in Business English

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the Congressional Budget Officenoun

uk us abbreviation CBO

GOVERNMENT, POLITICS the department of the US Congress that examines information about the economy and gives advice on the preparation of the financial plans of the US government:

The mandate of the Congressional Budget Office is to provide Congress with objective and timely analyses to aid in budgetary decisions.
In Washington, the Congressional Budget Office has issued a comparatively optimistic economic forecast.

(Definition of “the Congressional Budget Office” from the Cambridge Business English Dictionary © Cambridge University Press)