Washington, D.C. – House Budget Committee Chairman Steve Womack released the following statement after the Committee conducted an oversight hearing related to the Congressional Budget Office (CBO). Today’s hearing, CBO Oversight: Economic Assumptions, Baseline Construction, Cost Estimating, and Scoring, was the second in a five-part series and focused on the agency’s processes for preparing cost estimates, constructing the baseline, and promoting agency transparency.
“CBO’s work products are critical to the federal budget-making process, and Congress relies on CBO to get this important work right,” said Chairman Steve Womack. “Today’s hearing highlighted the need for CBO to enhance transparency while also protecting access to quality, often proprietary, information. In the days ahead, I look forward to working with CBO to ensure this delicate balance is properly struck.”
Hearings in the series include:
- CBO Oversight: Organizational and Operational Structure
- CBO Oversight: Economic Assumptions, Baseline Construction, Cost Estimating, and Scoring
- CBO Oversight: The Role of Behavioral Modeling in Scoring and Baseline Construction
- CBO Oversight: Member Day
- CBO Oversight: Perspectives from Outside Experts