The legislative branch (Congress) approves the executive's (President's) proposals or come up with their own policy for money use. An example is the federal budget which Congress passes and acts on tax and spending legislation.
Chat with our AI personalities
The most important way the executive branch (ie the President) is through the budget proposal that he sends to Congress. Although Congress has the last word, most of them want to buy votes by spending, so any fiscal restraint must come from the President. Congress is very unlikely to propose any tax increases unless the President pushes for them and they hate to cut any program that has any lobbyists working on its behalf.
The executive branch controls the spending and distribution of the money that Congress appropriates, as well as the collection of taxes and issuing of bonds to borrow money. The president appoints the chairman of the Federal Reserve Board, who controls the money supply.
One of the most significant ways the executive branch influences fiscal policy is by creating and then proposing a budget. Every President has several policies they wish to have implemented.
Proposing a budget is one significant way the executive branch is able to influence fiscal policy. The president also has the advantage of a bully pulpit, to try to influence public opinion.
formulating the initial idea for the policy
The First Congress created departments in the executive branch for different areas of national policy.
The U.S. Secretary of State is the foreign minister and the official charged with conducting foreign policy. However, the President of the United States has the final authority on foreign policies. Each country outside of the US, conduct their own foreign policy with cabinet members or country leader having the final say so.
The Executive Branch and the U.S. Congress have constitutional responsibilities for U.S. fThe Executive Branch and the U.S. Congress have constitutional responsibilities for U.S. foreign policy. oreign policy.