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The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is, by custom, a member of the president's cabinet and, by law, a member of the National Security Council, [4] and fifth in the U.S. presidential line of succession.
Financial secretary can also be the title of a cabinet member in a number of former and current British dependencies. This is the case in Hong Kong (see Financial Secretary (Hong Kong)), Jamaica, Montserrat, Saint Helena, etc. In the United Kingdom, the Financial Secretary to the Treasury is a junior minister position but the office holder ...
The Financial Secretary to the Treasury is a mid-level ministerial post in HM Treasury. It is nominally the fifth most significant ministerial role within the Treasury after the first lord of the Treasury , the chancellor of the Exchequer , the chief secretary to the Treasury , and the paymaster general .
Federal law requires both the treasurer's signature and the treasury secretary's countersignature for Federal Reserve notes to be considered legal tender. [5] Moreover, the treasurer serves as a senior advisor and representative of the Treasury Department on behalf of the secretary in the areas of community development and public engagement. [4]
He owns at least $520 million in assets, including more than $100 million in U.S. Treasury bills, as much as $5 million in art and antiques, a house in the Bahamas worth up to $25 million and up ...
Scott Bessent, founder and chief executive officer of Key Square Group LP, and President Elect Donald Trump's U.S. Treasury Secretary nominee, attends an interview in Washington, DC, US, on Friday ...
In 1861, Sophia Holmes became the first Black woman to be employed by the Treasury Department and by the Federal government of the United States when Senator Henry Wilson, James G. Blaine and others advocated for her hiring as a janitor under Secretary of the Treasury Francis Spinner. She was paid fifteen dollars per month.
Bessent and Paulson, both financial backers of Trump's campaign, have long been in Trump's sights for such a role. During a January campaign speech, Trump floated Paulson as a potential Treasury ...