The Congressional Budget Office (CBO) is a non-partisan agency that provides economic and budgetary analysis to the U.S. Congress. Established in 1974, its primary role is to assess the financial impact of proposed laws, forecast budget trends, and produce reports on government spending, taxation, and economic policy. The CBO's analyses are crucial for lawmakers to understand the potential costs and benefits of legislation. It also offers long-term projections regarding the economy and public finances, ensuring informed decisions about fiscal policy