As the deadline to pass President Trump's Big Beautiful Bill nears, Director of the Congressional Budget Office Phillip Swagel breaks down how the CBO scores policies and the factors that are beyond the agency's control. Swagel says that the CBO is "focused on legislation" and admits that the CBO "does its best, but will inevitably get things wrong." Yale Budget Lab's Natasha Sarin explains that the CBO often doesn't have control over choices it makes, but that its work is still crucial for market participants.
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Swagel's stance underscores the Council of Economic Advisers (CBO) role as a neutral platform that welcomes criticism to apply rigorous analysis and provide unbiased insights amidst public discourse.
