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English definition of “the Congressional Budget Office”

the Congressional Budget Office

noun
 
 
( 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)
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