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View Full Interview. The Legislative Branch is the only part of the government that can  authorize the borrowing of money. The Executive Branch can request  the money be borrowed but cannot authâ¦orize it. Avid political scientist with a strong focus on US History, including the political & military aspects of the US Civil War.
If you owe a debt you cannot pay, you might want to consider borrowing against your IRA. The federal government allows IRA holders to take out an interest-free, short-term loan, known as a rollover from their IRA. However, borrowers must follow the rules carefully to avoid paying a penalty. Here are some do's and don'ts for borrowing against your traditional IRA: