In tracing CBOs history over more than three decades in his new book, Philip G. Joyce highlights key points when CBO directors could have bowed to pressure from political mastersbut none did.
As Congress and President Obama raced to avoid defaulting on the nations debt in the last week before the August 2, 2011, deadline, the Congressional Budget Office (CBO) dealt a sharp setback to the debt-reduction bill advanced by House Speaker John Boehner. CBO trimmed Boehners estimated savings of $1.2 t
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