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LSDefine
Simple English definitions for legal terms
CBO
Read a random definition: conclusive
A quick definition of CBO:
Term: CBO
Definition: CBO stands for Congressional Budget Office. It is a government agency that helps Congress make informed decisions about the federal budget. They provide analysis and estimates of the costs and effects of proposed legislation, as well as projections of the economy and federal budget. Basically, they help Congress figure out how much money they have and how to spend it wisely.
A more thorough explanation:
CBO
CBO stands for Congressional Budget Office. It is a nonpartisan agency that provides budget and economic information to Congress.
- The CBO released a report on the economic impact of a proposed tax bill.
- Congress relies on the CBO's analysis to make informed decisions about spending and taxes.
These examples show how the CBO provides important information to Congress to help them make decisions about the budget and economy. The CBO's reports and analysis are used to understand the potential effects of proposed legislation and to make informed choices about how to allocate resources.