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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.
Under the new plan, AIG has borrowed the full $40 billion from the Treasury to pay off the $37.8 billion from the Fed. It has drawn down $15.3 billion of the $20.9 billion it can borrow from the Fed's Commercial Paper Funding Facility, and it has already borrowed $21 billion of its reduced $60 billion bridge loan.