CBO Gives Update on Scoring For Democrats’ Budget Bill

Congressional Budget Office (CBO) Director Phillip Swagel testifies before the Legislative Branch Subcommittee of the House Appropriations Committee in Washington on Feb. 12, 2020. Sarah Silbiger/Getty Images

The Congressional Budget Office (CBO) released a statement on Tuesday detailing its progress on scoring Democrats’ controversial $1.75 trillion budget bill.

The CBO was created in the mid-1970s as part of a larger effort by Congress to take back its budgetary power following the revelations of the Watergate scandal. Its main role since its creation has been to give so-called “scores” to legislation, detailing the actual effects a bill will have on federal spending and revenues compared to its intended financial effects.