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The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. 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 treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. [4] Signatures of both officials appear on all Federal Reserve notes. [5] The department was established by an Act of Congress in 1789 to manage government revenue. [6]
The chief of staff to the secretary of the Treasury is the coordinator of the supporting staff, primary aide to the United States Secretary of the Treasury and, as deputy secretary, has authority to stand in for the secretary. According to Treasury Order 101-05, the chief of staff "shall report directly to the Secretary and shall exercise ...
(The Center Square) – With the national debt above $36 trillion, newly-confirmed Treasury Secretary Scott Bessent vowed to rein in government spending. The investor and hedge fund manager, who ...
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. ... Senate confirms Scott Bessent as Trump’s Treasury secretary.
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]
The treasury secretary is a high-level Cabinet position charged with advising the president on matters related to financial, economic and tax policy.
In addition, the Deputy Secretary is the only official other than the secretary who can sign a Treasury order, which is a document that delegates authority residing in the secretary or Deputy Secretary to another Treasury official, establishes Treasury policy, and establishes the reporting relationships and supervision of officials. [2]