CBO said it expects slower growth in 2023 and at least one quarter of negative growth due to higher rates, which it said would..
Congressional Budget Office
U.S. Government agency
The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974.