Congressional Budget Office

The Congressional Budget Office (CBO) is a nonpartisan federal agency that provides budget and economic information to Congress. It offers objective analysis to aid in economic and budgetary decisions. The CBO is newsworthy due to its recent reports on the financial implications of various government actions. Recent reports highlight the escalating costs of the US-Israel war on Iran, projected worsening of US federal deficits and debt over the next decade, and the significant expenses associated with troop deployments in US cities during 2025. These analyses are crucial for Congress to understand the economic consequences of policies and make informed decisions regarding spending, taxation, and debt management. The CBO's assessments are particularly relevant in the current political climate, where debates over government spending and fiscal responsibility are prominent.