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welcome to the committee on the budget hearing on oversight of the congressional budget office. this hearing will focus on cbo s organizational and operational structure. it s the first of five hearings that the committee plans to hold regarding oversight of the congressional budget. the goal of today s hearing is to learn more about cbo, which was created as part of the congressional budget and impoundment act of 1974. for decades this agency s primary duth and function has been to assist congress in the federal budget making process providing cost estimates, economic analysis, working papers and other insightful publications. members of the house and senate budget committees rely on cbo as an objective, impartial resource when writing budget resolutions. the agency also plays a key role in advising this committee as it enforces budget rules. without question, there are dozens of fine men and women employed by cbo, including analysts, management and support staff, but more t
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