If the customer has an outstanding margin loan against the securities of $50,000, his equity will be $10,000 ($60,000 - $50,000 = $10,000). The broker determines the customer should receive a margin call for $5,000 ($15,000 - $10,000 = $5,000).
War Powers. Congress holds the power to declare war. As a result, the president cannot declare war without their approval. However, as the Commander in Chief of the armed forces, many presidents have sent troops to battle without an official war declaration (ex. Vietnam, Korea).
Obama: I Do Not Need Congressional Approval To Go To War With ISIS. 1, September 10, 2014 Congress, Constitutional Law, International, Military, Politics, Society. President Obama is again asserting his right to act unilaterally and without congressional approval in going to war.