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What are the two step procedure that congress follows when appropriating money?
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∙ 10y ago
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∙ 10y ago
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Congress didn't provide the army with enough equipment because?
it didn't have enough money.
Congress established the reconstruction finance corporation to loan money to?
banks so they could lend money to businesses to stimulate economic activity
A difference between money issued by colonies and money issued by the continental congress was that the money issued by each colony was?
money issued by each colony was backed by real wealth.
Why is it important for only Congress to print and coin money?
People are constantly asking the government to spend more money on them, in the form of welfare, social security, etc, without raising the taxes. The best means of doing so is to create inflation. Economists have noted that the highest increase of inflation can be about 5% before the public catches on a panics. In the US, the inflation rate is about 2.5%. One other issue the government has to take into consideration is the debt. To pay off the ever-increasing debt, congress coins that money.
What is the currency power?
The currency power is one of the powers given to Congress in the United States government. Congress has the power to coin money and authorizes the Treasury to print a standard form of currency.
What court hears a case that often ends in congress appropriating money to the plaintiff?
The Court of Federal Claims
What roles do members of congress fill?
Members of the US Congress are responsible for appropriating money and making law. They are also responsible for impeachment and trial of federal officials accused of wrongdoing.
What is financial planning and control?
Financial planning and control is money management. It is the process of appropriating money and ensuring that one remains within a budget.
What branch of the government oversees the Library of Congress?
The Legislative branch, commonly known as Congress, which comprises the U.S. Senate and the House of Representatives, oversees the Library of Congress. The Legislative branch is that part of the government responsible for making laws, establishing the budget for all U.S. government agencies and projects, and appropriating money for the military and special programs.
What kind of bills must always start in the house of represenatives?
Bills that have to do with appropriating money for the budget always begin in the House of Representatives.
Does the president need congress to approve raising the debt ceiling?
No- the president has no control over borrowing or appropriating money. He has some limited control over spending, but that is only in regards to how quickly he spends money that has been appropriated for him to spend.
Can money be printed by Congress?
yes money can be printed by congress
Who holds the power of the purse in the federal government?
The so-called "power of the purse" is the ability of Congress or any other legislative body to control what the other two branches of government do by appropriating or not appropriating budget funds to the other branches. For example, the President as Commander-in-Chief of the military forces has the right to decide how those forces are used within the scope of constitutional and statutory restrictions. Under the War Powers Act, the president may deploy military forces for a short period of time without a formal declaration of war by Congress. However, even though that is within his authority, he cannot do that unless he has the funds in the military budget to do it. If Congress refuses to appropriate money for such a military purpose, Congress can effectively prevent the President from doing something he has the legal right to do.
How did the American end its involvement in the Vietnam war?
The United States realized that it could not win a limited engagement war against an enemy which was being heavily resupplied by China. Congress quit appropriating money for the war, and public opinion was becoming overwhelmingly anti-war.
Where does the import tax money go?
congress congress
What provided most of the money raised by the continental congress for the revolution?
the printing of paper money by Congress and the states
Does congress have the power to borrow money?
Yes, Congress has the power to borrow money on behalf of the United States government. This authority is outlined in the U.S. Constitution, which grants Congress the ability to borrow money to pay the debts and provide for the common defense and general welfare of the country.
