CBO stands for Congressional Budget Office, which is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. CBO is strictly nonpartisan and conducts objective, impartial analysis. It hires its employees solely on the basis of professional competence without regard to political affiliation. CBO does not make policy recommendations, and each report and cost estimate summarizes the methodology underlying the analysis. CBO provides objective, nonpartisan, and timely information, analyses, and estimates related to federal economic and budgetary decisions. CBO assists the budget committees by providing baseline budget projections that show what the budget would look like if current laws about federal spending and revenues remained unchanged.