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A testimony presented by Peter R. Orszag, Director of the Congressional Budget Office, before the Committee on the Budget of the U.S. House of Representatives on December 5, 2007. The document discusses the uncertain economic outlook impacted by factors such as the subprime mortgage crisis, rising oil prices, and housing market challenges. It analyzes various economic indicators and the potential for a recession alongside the implications for consumer confidence and the federal budget.
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What is cbo testimony?
CBO testimony refers to the formal statements and reports provided by the Congressional Budget Office regarding budgetary and economic issues, often presented to Congress to inform legislative decisions.
Who is required to file cbo testimony?
Typically, members of Congress, government officials, and entities requesting budget information or analysis may provide or seek CBO testimony as needed for legislative processes.
How to fill out cbo testimony?
Filling out CBO testimony involves providing accurate data related to budgetary impacts, economic forecasts, and program analyses, structured to align with CBO guidelines for clarity and completeness.
What is the purpose of cbo testimony?
The purpose of CBO testimony is to provide objective, nonpartisan analysis and information to help Congress make informed decisions regarding budgetary matters and fiscal policy.
What information must be reported on cbo testimony?
CBO testimony must report on budget projections, cost estimates of proposed legislation, economic forecasts, potential impacts of legislation, and any relevant statistical data or analysis.
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