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the executive branch

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

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āˆ™ 14y ago
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āˆ™ 15y ago

Yes the power to borrow money on credit is a power granted for congress through article 8 of the constitution.

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āˆ™ 10y ago

Congress has the power to borrow money on behalf of the U.S.

Note that it states on behalf of the US NOT the American people.

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Q: Who has the power to borrow money on behalf of the US?
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Related questions

Why did the US borrow money from china?

Because the people in power are stupid.


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


When you buy a US Savings Bond you are doing so under the power given to congress to A regulate commerce B levy taxes C print and coin money D borrow money?

BORROW MONEY


What right does the final enumerated power give the US congress?

The power to levy taxes, to borrow money,to regulate commerce,to join coin money,and to punish counterfeiting.


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.


The power to borrow money historically was seen as a way for the US to do what?

Meet the costs of both long- and short-term crisis situations.


The power to borrow money historically was seen as a way for the US to?

Meet the costs of both long- and short-term crisis situations.


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.


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

through taxes


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