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Office of Management and Budget (BMO)
Organization responsible for preparing the federal budget and for central clearance of legislative proposals from federal agencies.
The office of Management and Budget works with federal agencies like cabinet members associated with the President.
Congressional Budget Office (CBO)
Staff agency that advises Congress about economic effect of different spending programs and provides information on the costs of the proposed policies.
The Congressional Budget Office focuses on economic forecasting and fiscal policy analysis.
Expenditures
Federal spending of revenues. Major areas like spending are social services and the military.
The annual Expenditure on tobacco was 5s.
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