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At the inauguration of the constitutional government in 1789 Alexander Hamilton (1757- 1804), George Washington's former military aide and a renowned financier, was appointed the first Secretary of the Treasury and thus he became the architect of the structure of the Department. Desirous of a strong, centrally controlled Treasury, Hamilton did constant battle with Thomas Jefferson, then ...
- Duties of The Secretary of The Treasury
- Qualifications For Secretary of The Treasury
- Standard Term For The Secretary of The Treasury
- Current Secretary of The Treasury
- The Bottom Line
The secretary of the Treasury is considered to be the chief financial officer (CFO)of the United States government. This individual makes recommendations about domestic and global economic policy and tax policy and acts as the principal economic advisor to the President of the U.S. They play a very important part in creating strategies that affect ...
The secretary is selected and nominated by the U.S. President. The candidate must then face U.S. Senate hearings and be confirmed by a majority vote before being sworn into office. The President can choose an individual from any walk of American life. But, nominees are typically experienced in one or more of the following disciplines: economics, la...
The amount of time a secretary of the Treasury has in their post is incumbent upon the President’s discretion. That being said, there is no fixed term set aside for this position. The President may dismiss the Treasury secretary at will and replace them at any time. The secretary traditionally resigns once the President’s term is over, though in se...
Janet Yellenis the current United States Treasury secretary. She was nominated by then President-elect President Joe Biden on Nov. 30, 2020, and confirmed by the Senate on Jan. 25, 2021. Yellen was sworn in as Treasury secretary the next day. Yellen has had an expansive career in economics. Before heading up the Treasury Department, she was chair o...
The secretary of the Treasury is a key member of the U.S. Cabinet. Just like the CFO of a corporation, this individual is tasked with the financial integrity of the entire country. This means they are responsible for a wide range of activities relating to the financial health of the country, including paying the country's bills, collecting tax reve...
The secretary of state, the secretary of the treasury, the secretary of defense, and the attorney general are generally regarded as the four most important Cabinet officials, due to the size and importance of their respective departments. [5] The current secretary of the treasury is Janet Yellen, who is the first woman to hold the office. [6] [7]
No.PortraitNameState Of Residence78January 26, 2021–Andy Baukol Acting[d]January 20, 202177February 13, 2017–Adam Szubin Acting[c]January 20, 2017Oct 19, 2022 · security, and to facilitate cooperation among the military services and other government departments and agencies in matters of national security. Currently, statutory members of the NSC are the President, the Vice President, the Secretary of State, the Secretary of Defense, the Secretary of Energy and the Secretary of the Treasury.
The Secretary oversees the activities of the Department in carrying out its major law enforcement responsibility; in serving as the financial agent for the U.S. Government; and in manufacturing coins, currency, and other products for customer agencies. The Secretary also acts as the Government's chief financial officer. Domestic Finance
Who is the current Secretary of the Treasury and what does she do? Janet Yellen is the Secretary of the Treasury. The Secretary of the Treasury 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.
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Sep 28, 2024 · History of the Treasury Secretary The first Treasury Secretary was Alexander Hamilton, George Washington's aide-de-camp during the Revolutionary War, who served from Sept. 11, 1789, to Jan. 31, 1795.
