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What must be passed by both houses of Congress and signed by the President before any Federal agency can incur obligations or make expenditures from the US Treasury?
Wiki User
∙ 9y ago
What you are referring to is a budget appropriation which is, in effect, a law passed by the Congress and signed by the president. There may be a special term for this that you are looking for, but if so, I do not know it.
Wiki User
∙ 7y ago
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Who is the worst financial president the US has had?
The US does not have a financial president. The US Congress levies the taxes , determines what money is to be borrowed, sets the budget and approves all expenditures. The Secretary of the Treasury oversees the execution of the edicts of Congress. William A. Richardson, treasury secretary under Grant was forced to resign when one of his appointees was involved in a scandal- he may have been the worst secretary of treasury.
Who signs the president's paycheck?
The amount of money that a president makes is set by Congress. The president's paycheck is processed and comes from the US Treasury.
How do you become Secretary of the Treasury?
You have to be appointed directly by the president. You also need to be qualified or congress won't give you the job.
What department pays the president's salary?
The president's salary is paid by the Department of the Treasury.
The president has the power to levy taxes?
Only Congress can levy taxes. The President, through the IRS (a branch of the Treasury Dept.) collects the taxes.
Which Account is Congress Paid From?
The Treasury.
Who advised president Washington about money and treasury?
who advised president washinton about money and treasury
Can the President increase Congressional salaries?
No- the President has no say whatsoever concerning Congressional salaries. Congress controls the purse-strings of the nation and sets all the salaries that are paid from the US treasury.
What are congress pensions and are they out of treasury or investments by government?
source of congress pensions?
Who was president when Hamilton was secretary of treasury?
George Washington was the president when Hamilton ran the Treasury department.
Are original issue discounts on us treasury obligations taxable?
yes federal no state
What decisions by a president affect the direction of the nation economy?
The President can propose and lobby Congress for programs and packages that are designed to affect the economyThe President has the power to veto economic programs, tax hikes or cuts, and expenditures that Congress passes.The President appoints ( subject to Senate approval) the chairman of the federal reserve board who has great control over the money supply and interest rates.The treasury, under control of the President, can take steps that affect the foreign exchange rate and affect the balance of trade and the prices of imports and exports.The President can use his powers of persuasion to prevent and settle strikes in key industries , such as steel, auto, railroads, mining, etc. that affect the overall econom
