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Congress must pass a budget each year. The members of Congress depend on votes to stay in power. Reducing the budget means telling voters or large donors they will lose funding. To avoid cutting funding to programs, Congress borrows money.

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10y ago
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10y ago

yes It is a power given to them by the U.S. Constitution

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12y ago

Article 1, section 8,Clause 2 gives congress the power to borrow money.

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13y ago

hi dont know

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Q: Why does congress borrow money?
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Related questions

When you buy U.S. government savings bond your doing so under the power given to the congress to?

The power that is given to congress is the ability to borrow money.


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.


Condgress can borrow money by sellings US savings bonds?

congress can borrow money from the saving bonds


From where does congress borrow money?

Countries around the world


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

through taxes


To combat a crisis situation in the past congress was allowed to?

Borrow money from the Federal Government


Congress not have the authority to do?

Congress cannot pass any laws about marriage. Congress, itself, is not allowed to tax people. They can't borrow money, either.


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.


What are the Roles and Powers of Congress?

What are the key points relating to congress' s power to tax, borrow money, and regulate commerce


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 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


What is the borrowing power of the president?

Concurrent powers give the power to borrow money.