CBO ESTIMATES COST of TOUGHER CAFE Heartland Form

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the Congressional Budget Office is the agency responsible for making economic predictions and calculating the potential economic effects of legislation the House Budget Committee held a hearing to examine how the CBO works and how its core is spending bills this two-hour hearing begins with budget committee chair Steve Womack [Music] thank you the hearing will come to order welcome to the Committee on the budgets hearing on the Congressional Budget Office's economic assumptions baseline construction cost estimates and scoring this is the second of five hearings that the committee plans to hold this spring on oversight of the Congressional Budget Office as we discuss during our first hearing CBO was created more than 40 years ago as part of the Congressional Budget and impoundment Act of 1974 since then CBO has been a vital congressional support agency that provides nonpartisan budgetary analysis and directly assists the House and Senate budget committees these hearings with CBO are int