“The 2007–2009 financial crisis and recession were triggered in part by a near collapse of several large financial institutions, a near freezing of credit markets, and a sharp drop in housing prices. In response, federal assistance to financial institutions and credit markets substantially increased. CBO quantifies the costs and risks of policy proposals related to federal credit and insurance programs, banking and capital markets, government-sponsored enterprises such as Fannie Mae and Feddie Mac, and other federal financial activities.”
See CBO, Finance.
“Since its founding in 1974, the Congressional Budget Office has produced independent, nonpartisan, timely analysis of economic and budgetary issues to support the Congressional budget process. The agency’s long tradition of nonpartisanship is evident in each of the dozens of reports and hundreds of cost estimates its economists and policy analysts produce each year. CBO analyses do not make policy recommendations, and each report and cost estimate discloses our assumptions and methodologies. All CBO employees are appointed solely on the basis of professional competence, without regard to political affiliation.”
See CBO, About.
See CBO, Topics.