Economists who are primarily responsible for advising Congress on economic matters work in which agency? the Department of Labor the Federal Reserve The Congressional Budget Office the Department of Justice

Question

Willow Bird

Social Studies

21 October, 14:41

Economists who are primarily responsible for advising Congress on economic matters work in which agency? the Department of Labor the Federal Reserve The Congressional Budget Office the Department of Justice

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Lauryn Patel · Answer 1

Economists who are primarily responsible for advising Congress on economic matters work in the Congressional Budget Office.

Explanation:

The Congressional Budget Office is a federal agency whose purpose is to provide the Congress with financial information, financial analysis and reports to assist Congress in making federal budgets and laws.

On July 12, 1974, President Richard Nixon signed the Congressional Budget and Impoundment Control Act, which mentioned that an authority providing Congress with financial information and reports should be founded. On February 24, 1975, the CBO was officially formed.