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Old Today | 04:57 AM
  #38  
skigambia
On Reserve
 
Joined: Mar 2008
Posts: 144
Likes: 12
From: Bus Driver
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Originally Posted by RiddleEagle18
There is no mechanism for the executive branch to bail out a single company on its own. Congress would have to approve the money or 500 million would have to be found laying around in some unused fund somewhere.

If this somehow happens it will be immediately challenged in court is my guess.
There are quite a few mechanisms that the President could use to lend money without additional Congressional approval. Whether it's untapped preciously approved funding or just simply using Presidential lending authority.
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