<Tr> <Th> Website </Th> <Td> www.cbo.gov </Td> </Tr> <P> The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress . Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974 . </P> <P> There is a consensus among economists that "the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals ." </P> <P> The Congressional Budget Office was created by Title II of the Congressional Budget and Impoundment Control Act of 1974 (Pub . L. 93 - 344), which was signed into law by President Richard Nixon on July 12, 1974 . Official operations began on February 24, 1975, with Alice Rivlin as director . </P>

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