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Forty years ago today, the Congressional Budget Office’s first director, Alice Rivlin, was appointed and CBO began fulfilling its unique and invaluable role as a nonpartisan budget referee. To mark this milestone, the Peterson Foundation is releasing a look at the history and importance of this institution: 40 Years and Counting: The Independent and Effective Congressional Budget Office.
Over the last four decades, the Congressional Budget Office has become an indispensable part of the nation's policymaking process. As CBO celebrates its 40th anniversary — and as Congress considers appointing a new director — there is a key opportunity for policymakers to reaffirm their support for the independence of this agency.
For the Peterson Foundation’s full analysis, click here.