It depends on the assets in question and if there are board approved investment or financial polices granting or setting limits on that authority.
Without congressional approval
Without congressional approval
Without World executive power the president would not be about to declare war without approval. In emergencies the president can override congresses that can executive orders without almost limitless power.
- undeclared war: the president can go into a country for 60 days without congress approval - executive agreements: the president can make a 'treaty' with another country without congressional permission -executive order: kind of like a law, but different
Executive Order
The President of the United States is allowed to issue executive orders without the approval of Congress. These orders however, are subject to judicial review and can be struck down if deemed unconstitutional.
The President of the United States is allowed to issue executive orders without the approval of Congress. These orders however, are subject to judicial review and can be struck down if deemed unconstitutional.
No branch has the power to do it. For one branch to do anything they need the approval of at least one of the others. The executive branch (The president) is able to veto things from other branches but the bill can be revoted on by the senate or judiciary branch and can be passed without the president's approval if a majority approves. Also in a time of emergency the president has executive power and can use all the tools of the US at his disposal without senate approval.
An executive agreement or understanding with a foreign leader might serve the immediate purpose of a treaty and lead to a formal treaty between the respective nations. A treaty requires the approval of the Senate and may be much harder to negotiate than an agreement between two men. (It also may be easier to break or worm out of if the situation changes or new information comes to light.)
executive order
The President should and must have power to make certain decision without Congressional approval, just as Congress has the right to do things without the President's approval. If Congress had to approve everything a President did, Congress would have full authority over both the legislative and executive power of governmant, which would eliminate the concept of checks and balances of the three branches of government that the Constitution sets up.
The President has unfettered, exclusive power to remove his appointees without approval from the legislature. This power is restricted to those whose positions are units of, and subordinate to, the executive department.