No foreign borrowing shall be deposited abroad without the approval by foreign exchange control authority.

未经外汇管理部门批准，不得将借款存放在境外。

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Article 2 is dedicated to executive branch powers, and says nothing at all about borrowing authority.

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But he indicated the House would attach spending cuts to any measure to raise the federal borrowing authority.

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And Congress has the legal authority -- and only Congress has the legal authority to extend that borrowing authority.

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