Dr. Hall will succeed outgoing Director Doug Elmendorf, whose term expired in January, on April 1 and his four-year term will expire in January 2019. Dr. Hall is a former chief economist for President George W. Bush’s White House Council of Economic Advisors and for the U.S. Department of Commerce.
The appointment does not require a congressional vote of approval to become effective.
The CBO is tasked with creating independent economic analyses of proposed legislation, including the impact of the legislation upon the federal budget deficit.
Recent change made to budgeting rules by the House to require “dynamic scoring” incorporating macroeconomic effects of certain tax and spending legislation have increased the visibility of the CBO and its tax-and-revenue focused counterpart, the Joint Committee on Taxation.
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