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Mr. Chairman and Members of the Committee: I am pleased to appear before you today to provide an update of the activities of the Congressional Budget Office. When I last appeared before the Committee, the Fiscal Year 1977 budget cycle had not yet been completed. We are now well along in the Fiscal Year 1978 cycle, and I will take this opportunity to review CBO's activities since our last meeting.
I believe we have made significant progress in our service to the Congress over the last year and I will outline briefly some of our major work accomplishments.
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