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A Treasury Department official surrounded by packages of newly minted currency, counting and wrapping dollar bills in Washington, D.C. in 1907 The organizational structure of the U.S. Department of the Treasury The Office of Foreign Assets Control, the Treasury Library, and the main branch of the Treasury Department Federal Credit Union in the ...
Tom Krause is an American business executive serving as the Fiscal Assistant Secretary of the Treasury since 2025. He was briefly a member of the Department of Government Efficiency. Krause is chief executive officer of the Cloud Software Group.
On June 30, 2014, he was appointed Fiscal Assistant Secretary, the Department of the Treasury's most senior career position. [2] [4] In this role, he was responsible for developing policy and overseeing the financial infrastructure of the federal government, including payments, collections, debt financing, cash management, reporting and accounting, delinquent debt collection, and shared services.
Krause, who is also CEO of Cloud Software Group, will replace David Lebryk, a top-ranking career Treasury official who retired after a clash with Musk allies over payment systems access, the ...
“It is equally alarming that Musk and the Trump Administration drove out the most senior career official at Treasury as the agency is already taking extraordinary measures to avoid a US default.”
According to statute, the Fiscal Assistant Secretary is appointed by the United States Secretary of the Treasury. [1] The Fiscal Service, which the Fiscal Assistant Secretary heads, [2] includes the Bureau of Government Financial Operations [3] (which since 1984 has been known as the Financial Management Service and the Bureau of the Public Debt.