The Congressional Budget Office (CBO) is an independent, nonpartisan agency that provides economic data and budgetary analysis to Congress, helping lawmakers make informed decisions about fiscal policies. In contrast, the Office of Management and Budget (OMB) is part of the Executive Branch and assists the President in preparing the federal budget and overseeing its implementation. While the CBO focuses on legislative analysis and projections, the OMB manages executive budgetary processes and policy initiatives. Essentially, the CBO serves Congress, while the OMB serves the President and the executive agencies.
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