The Congressional Budget Office

Paper Summary:

This paper examines the formation and operation of the Congressional Budget Office (CBO) including who its key stakeholders are, what conflicts exist between stakeholders, the power dynamics of dealing with a two party Congress, and challenges facing the first director of the CBO.

From the Paper:

"The key stakeholders of the Congressional Budget Office in the broadest sense are the House of Representatives and the United States Senate. More specifically, stakeholders are the individual members of Congress who instruct the Congressional Budget Office (CBO) to prepare reports or forecasts. The most important stakeholders of the CBO are the Congressional leaders of the Democratic and the Republican parties. The CBO must meet the needs of these leaders in order for Congress to view the CBO as effective.

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