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the Congressional Budget Officenoun

uk   us   ( abbreviation CBO)
GOVERNMENT, POLITICS the ​department of the US ​Congress that ​examinesinformation about the ​economy and gives ​advice on the preparation of the ​financialplans of the US ​government: The ​mandate of the Congressional ​BudgetOffice is to ​provideCongress with ​objective and timely ​analyses to ​aid in ​budgetary decisions. In Washington, the Congressional ​BudgetOffice has ​issued a comparatively ​optimisticeconomicforecast.
(Definition of the Congressional Budget Office from the Cambridge Business English Dictionary © Cambridge University Press)
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