"[4] In 2015, the Brookings Institution reported that since its creation, the CBO has since supplanted the OMB "as the authoritative source of information on the economy and the budget in the eyes of Congress, the press, and the public.
These three series are designated essential titles distributed to Federal Depository Libraries and are available for purchase from the Government Publishing Office.
The CBO often provides testimony in response to requests from various Congressional committees and issues letters responding to queries made by members of Congress.
[11] The Speaker of the House of Representatives and the President pro tempore of the Senate jointly appoint the CBO Director after considering recommendations from the two budget committees.
"[5] Economist Walter E. Williams, a classical liberal, wrote in 1998 that the CBO was well-regarded for its "honest numbers" on fiscal and economic matters.
"[3] According to George Washington University political scientist Sarah Binder, the CBO "has emerged over its history as a neutral analyst of congressional budgets and cost estimates for proposed legislation.
[7] Professor Philip Joyce of the University of Maryland School of Public Policy writes: This is quite surprising, in a sense, given the partisan nature of the Congress.
Rather, the Budget Committees (and especially their leadership and staff) have recognized that a weak CBO (one that does not have a reputation for objective analysis, and whose conclusions are viewed as partisan) is not in their interest.