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Yes. The Constitution of the United States says, in Article 1, Section 8, the second of the "enumerated powers" of the Congress:

Section. 8. The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; To borrow Money on the credit of the United States;

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Q: Can the U.S. Constitution borrow money?
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Related questions

According to article 1 section 1 Clause 2 of the US Constitution the US can do which of these?

The United States can borrow money according to Article One, Section One, Clause Two of the U.S. Constitution.


What four power does the constitution give to the legislative branch?

Elastic clause money borrow money and tax, the government has money to give to us, borrow money which we are currently doing it china, and elastic Clause which is the statement that grants the congress the power to pass all laws


Who has the power to borrow money on behalf of the US?

the executive branch The legislative Branch can borow money on the credit of the u.s.


Does congress have the power to borrow money?

Yes, Congress does have the power to borrow money that is taken on the credit of the U.S. This power is granted to Congress by the Constitution.


Condgress can borrow money by sellings US savings bonds?

congress can borrow money from the saving bonds


Who decides how much money the government has to borrow?

Nobody decides how much money the government has to borrow. When the government wants to borrow money it has to issue or create debt with the US Treasury.


How does congress borrow money from the people of the US?

through taxes


What article holds the power of the congress?

Article I, Section 8 of the US Constitution establishes the powers held by Congress. These powers include being able to lay and collect taxes, borrow money on credit, and to coin money.


Why did the US borrow money from china?

Because the people in power are stupid.


What is the cost of borrowing for large us corporations?

When corporations borrow money they usually borrow from investors. When they do this, they are selling pieces of their business.


What country does the US mostly borrow money from?

The people within it's country


Congress is prohibited by the Constitution from borrowing money. true or false?

The Constitution of the United States lays the ground rules for much of the federal government. One of those rules is congress can borrow money. The question is false.