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CBO, otherwise known as the Congressional Budget Office, is an agency that was set up in the 1974 to provide the economic status to Congress. Congress then makes decisions based on the information provided by the CBO.
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Who examines the cost implications of a proposed bill?
The Congressional Budget Office (CBO) examines the cost implications of a proposed bill. The CBO then shows how the bill will affect revenues or spending over a 5-10 year period if the bill is passed.
Does the Legislative branch control funds to maintain armed forces?
The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government. It is a government agency that provides economic data to Congress.[1] The CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974. With respect to estimating spending for Congress, the Congressional Budget Office serves a purpose parallel to that of the Joint Committee on Taxation for estimating revenue for Congress, the Department of the Treasury for estimating revenues for the Executive and estimates required for the Congressional budget process. This includes projections on the effect on national debt[2] and cost estimates for legislation. Section 202(e) of the Act requires submission by CBO to the House and Senate Committees on the Budget periodic reports about fiscal policy and to provide baseline projections of the federal budget. This is currently done by preparation of an annual Economic and Budget Outlook plus a mid-year update. The agency also each year issues An Analysis of the President's Budgetary Proposals for the upcoming fiscal year per a standing request of the Senate Committee on Appropriations. These three series are designated essential titles distributed to Federal Depository Libraries and are available for purchase from the Government Printing Office. CBO also prepares reports and issues briefs and provides testimony often in response to requests of the various Congressional Committees. It also issues letters responding to queries made to it by members of Congress. The Speaker of the House of Representatives and the President pro tempore of the Senate jointly appoint the CBO Director, after considering recommendations from the two budget committees. The term of office is four years, with no limit on the number of terms a Director may serve. Either House of Congress, however, may remove the Director by resolution. At the expiration of a term of office, the person serving as Director may continue in the position until his or her successor is appointed. - http://en.wikipedia.org/wiki/Military_budget
What are the three major categories of revenues for the federal government?
As 2011 CBO's Baseline Budget Projections 2011 Revenues Individual income Taxes 1,396 Billions Corporate Income Taxes 290 Billions Social Insurance Taxes 978 Billions Other 162 Billions For a total revenue of $2,825 Billions http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/99xx/doc9957/01-07-outlook.pdf
When was CBO-FM created?
CBO-FM was created in 1924.
What is CBO approach?
The CBO is an abbreviation of Congressional Budget Office. The CBO approach basically uses the same approach as the congressional budget.
What is the symbol for CBO - Listing Market - NYSE - Networks A E - in the NYSE?
The symbol for CBO (Listing Market - NYSE - Networks A/E) in the NYSE is: CBO.
What does a cbo title mean?
In business, CBO can stand for Chief Banking Officer or Chief Business Official
Who is CBO boss?
Secretary
What evaluates the federal budget?
c. CBO
What does the medical abbreviation cbo mean?
CBO has a couple of medical meanings, such as cerebral blood oxygenation. However, it is most commonly used as the Central Billing Office.
What office evaluates the federal office?
c. CBO
Who were 2pac's favorite rappers?
Celly Cell and Cbo
What is the airport code for Awang Airport?
The airport code for Awang Airport is CBO.
What is Denise Jonas nickname from the Jonas brothers?
CBO-Chief Birthing Officer
What office analyzes the federal budget to report to the appropriations committee?
c. CBO
