The Bureau of the Budget is now known as which organization?

• A. Central Budget Office
• B. Office of Management and Budget (OMB)
• C. Bureau of Budget
• D. National Budget Office

Answer: (B)

This question tests how the federal budget office evolved into its current form. The Bureau of the Budget was created to centralize budgeting for the federal government. In 1970, it was renamed the Office of Management and Budget, expanding its role from merely preparing the budget to coordinating management and policy across the Executive Office of the President. Today, OMB handles the president’s budget, provides policy and management guidance, and oversees agency performance and administrative functions across the federal government. The other names are not the current official title for this organization, and the Bureau of Budget is simply the historical name.