2008 General CBO Presentation 1


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General information about the Congressional Budget Office.

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  • Agency of the US Congress
  • 2008 General CBO Presentation 1

    1. 1. Congressional Budget Office United States Congress
    2. 2. Introduction to CBO <ul><li>CBO’s History and Mission </li></ul><ul><li>CBO’s Organization and Staffing </li></ul><ul><li>CBO’s Responsibilities </li></ul>
    3. 3. CBO’s History and Mission <ul><li>History </li></ul><ul><ul><li>Congressional Budget and Impoundment Control Act of 1974 </li></ul></ul><ul><li>Most work supports the work of the budget and appropriations committees. </li></ul><ul><li>Mission - objective, timely, nonpartisan </li></ul>
    4. 4. CBO’s Organization and Staffing <ul><li>CBO has 230 full-time staff. </li></ul><ul><li>Director appointed jointly by the Speaker and President pro tempore. </li></ul><ul><li>Director appoints all CBO staff, based solely on professional competence, not political affiliation. </li></ul><ul><li>70+% of CBO professional staff hold advanced degrees in economics, public policy, or a related field. </li></ul>
    5. 5. Divisional Responsibilities <ul><li>CBO is organized in accord with its responsibilities for budget and program analysis. </li></ul><ul><ul><li>Budget Analysis </li></ul></ul><ul><ul><li>Macroeconomic Analysis </li></ul></ul><ul><ul><li>Tax Analysis </li></ul></ul><ul><ul><li>Health and Human Resources </li></ul></ul><ul><ul><li>Microeconomic Studies </li></ul></ul><ul><ul><li>National Security </li></ul></ul>
    6. 6. CBO does not <ul><li>Make policy recommendations (strictly nonpartisan; no judgments about a legislative proposal’s “merits”) </li></ul><ul><li>Write legislation (we evaluate different proposals, options) </li></ul><ul><li>Implement programs, regulations, enforce budget rules (that’s all Executive Branch) </li></ul><ul><li>Audit spending or receipts (that’s GAO) </li></ul>
    7. 7. CBO’s Responsibilities <ul><li>Help Congress develop a budget plan. </li></ul><ul><li>Help Congress stay within its budget plan. </li></ul><ul><li>Help Congress assess the impact of federal mandates. </li></ul><ul><li>Help Congress consider issues related to the budget and to economic policy. </li></ul>
    8. 8. Budget Analysis Division <ul><ul><li>Multi-year spending projections (Baseline) </li></ul></ul><ul><ul><li>Analysis of President’s budget </li></ul></ul><ul><ul><li>Cost estimates </li></ul></ul><ul><ul><li>Mandates </li></ul></ul><ul><ul><li>Scorekeeping </li></ul></ul>
    9. 9. Budget Analysis Division: 7 Units <ul><li>4 Federal Cost Units </li></ul><ul><li>State & Local Cost Unit </li></ul><ul><ul><li>Review bill for unfunded mandates and intergovernmental effects </li></ul></ul><ul><ul><li>Conduct other research related to state/local/tribal governments </li></ul></ul><ul><li>Scorekeeping Unit </li></ul><ul><ul><li>Track appropriations bills </li></ul></ul><ul><li>Projections Unit </li></ul><ul><ul><li>Coordinate CBO Baseline and other multiyear projections </li></ul></ul><ul><ul><li>Estimate debt and interest costs </li></ul></ul><ul><ul><li>Write key portions of the annual Budget and the Economic Outlook and the Analysis of the President’s Budget </li></ul></ul><ul><ul><li>Maintain budget analysis data </li></ul></ul><ul><ul><li>Enable data transfer with budget and appropriations committees </li></ul></ul>
    10. 10. Cost Estimating Is… <ul><li>1/3 Research </li></ul><ul><ul><ul><li>Contact with agencies, experts, stakeholders </li></ul></ul></ul><ul><li>1/3 Analysis </li></ul><ul><ul><ul><li>Understanding current law and proposed changes </li></ul></ul></ul><ul><ul><ul><li>Identify and quantify direct cost to private sector </li></ul></ul></ul><ul><li>1/3 Communication </li></ul><ul><ul><ul><li>Summarize findings </li></ul></ul></ul><ul><ul><ul><li>Explain and write estimate </li></ul></ul></ul>
    11. 11. Program Divisions <ul><li>Prepare special reports as requested by Congress </li></ul><ul><li>Assist Budget Analysis Division in producing estimates </li></ul><ul><li>Estimate private-sector mandates </li></ul><ul><li>Provide assistance to Congressional staff as requested </li></ul>
    12. 12. <ul><ul><li>Advisory Role: no enforcement power; “influence’ depends on quality and objectivity of work </li></ul></ul><ul><ul><li>Independent: separate appropriation; work for majority and minority; bicameral appointment of Director </li></ul></ul><ul><ul><li>Nonpolitical: nonpartisan by law; objective analysis , not advocacy </li></ul></ul><ul><ul><li>Executive Branch Access: agencies must provide available information and data </li></ul></ul><ul><ul><li>Availability and Timeliness: estimates only relevant if done quickly; available to everyone; we give basis </li></ul></ul><ul><ul><li>Non-bureaucratic: responsive and accessible staff </li></ul></ul>Summary
    13. 13. CBO’s Dynamic Work Environment <ul><ul><li>Impact of work </li></ul></ul><ul><ul><li>Challenging work </li></ul></ul><ul><ul><li>Opportunity to learn on a daily basis </li></ul></ul><ul><ul><li>Collegial environment </li></ul></ul><ul><ul><li>Work – Life balance </li></ul></ul>
    14. 14. Opportunities at CBO <ul><li>Ph.D.’s </li></ul><ul><li>Master’s degrees </li></ul><ul><li>Bachelor’s degrees </li></ul><ul><li>Internships </li></ul><ul><li>CBO applicable fields include economics, public policy/administration, public health, public finance, and mathematics. </li></ul>
    15. 15. www.cbo.gov <ul><li>Online application for </li></ul><ul><ul><li>Full-time positions </li></ul></ul><ul><ul><li>Summer internships </li></ul></ul><ul><li>Register for Job Alerts </li></ul><ul><li>List-serve for publications and cost estimates </li></ul>
    16. 16. Congressional Budget Office Questions and Answers For more information, visit: www.cbo.gov