The Congressional Budget Office (CBO) is a nonpartisan agency of the United States Congress. Established in 1974, its primary role is to provide budgetary and economic information to Congress. The CBO analyzes the potential financial impact of proposed legislation, helping lawmakers understand the costs and economic effects of their decisions. The CBO produces reports and forecasts that assist in the budget-making process. It evaluates the federal budget, projecting revenues and expenditures, and assesses the implications of various policy options. This information is crucial for members of Congress as they work on fiscal policies and the overall budget for the federal government.