Congressional Budget Office
Phillip Swagel serves as the Director at the Congressional Budget Office, with previous experience as an Assistant Secretary for Economic Policy at the Department of the Treasury and Chief of Staff at the Council of Economic Advisers. Phillip is also a Professor at the University of Maryland School of Public Policy and has taught at various prestigious institutions including Georgetown University and the University of Chicago Booth School of Business. Swagel holds a PhD in Economics from Harvard University and an AB in Economics from Princeton University.
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Congressional Budget Office
Since its founding in 1974, the Congressional Budget Office (CBO) has produced independent analyses of budgetary and economic issues to support the Congressional budget process. The agency is strictly nonpartisan and conducts objective, impartial analysis, which is evident in each of the dozens of reports and hundreds of cost estimates that itseconomists and policy analysts produce each year. All CBO employees are appointed solely on the basis of professional competence, without regard to political affiliation. CBO does not make policy recommendations, and each report and cost estimate discloses the agency’s assumptions and methodologies. All of CBO’s products apart from informal cost estimates for legislation being developed privately by Members of Congress or their staffs are available to the Congress and the public on CBO’s website.