The power to veto or “cross out” only certain parts of legislation while allowing the rest of the legislation to become law.
Legislation granting the President a line-item veto has been declared unconstitutional. Several legislative initiatives have been introduced in Congress over the years to give the President expanded or enhanced rescission or line-item veto authority.
National Debt Glossary
Looks up the key terms for understanding America's financial crisis
Frequently Asked Questions: National Debt
- How did the national debt get to be so big?
- What's the difference between the debt and the deficit?
- Why can't the government just print more money to get out of debt?
- How much U.S. debt is owned by foreign countries?