United States Secretary of the Treasury
head of the United States Department of the Treasury / From Wikipedia, the free encyclopedia
The United States Secretary of the Treasury is the head of the United States Department of the Treasury. The Secretary is concerned with finance and monetary matters, and, until 2003, some issues of national security and defense. This position in the Federal Government of the United States is similar to the finance ministers of other nations.
Quick Facts Style, Member of ...
United States Secretary of the Treasury | |
---|---|
United States Department of the Treasury | |
Style | Madam Secretary (informal) The Honorable (formal) |
Member of | Cabinet National Security Council |
Reports to | President of the United States |
Seat | Washington, D.C. |
Appointer | President of the United States with Senate advice and consent |
Term length | At the pleasure of the President |
Constituting instrument | 31 U.S.C. § 301 |
Formation | September 11, 1789; 234 years ago (1789-09-11) |
First holder | Alexander Hamilton |
Succession | Fifth[1] |
Deputy | United States Deputy Secretary of the Treasury[2] |
Salary | Executive Schedule, Level I[3] |
Website | www |
Close
From the U.S. Department of the Treasury website Archived 2010-11-19 at the Wayback Machine:
- "The Secretary of the Treasury is the principal economic advisor to the President and plays a critical role in policy-making by bringing an economic and government financial policy perspective to issues facing the government. The Secretary is responsible for formulating and recommending domestic and international financial, economic, and tax policy, participating in the formulation of broad fiscal policies that have general significance for the economy, and managing the public debt. The Secretary oversees the activities of the Department in carrying out its major law enforcement responsibilities; in serving as the financial agent for the United States Government; and in manufacturing coins and currency.
- "The Chief Financial Officer of the government, the Secretary serves as Chairman Pro Tempore of the President's Economic Policy Council, Chairman of the Boards and Managing Trustee of the Social Security and Medicare Trust Funds, and as U.S. Governor of the International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, and the European Bank for Reconstruction and Development."