United States Secretary of the Treasury
The United States Secretary of the Treasury is the head of the Department of the Treasury. The current Secretary of the Treasury is Timothy Geithner, who was nominated by President Barack Obama on November 21, 2008 and confirmed by the Senate on January 26, 2009.
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.
In order for Federal Reserve notes (e.g. paper money) to become legal tender they must be signed by both the Secretary of the Treasury and the Treasurer.
List of Secretaries of the Treasury
|Salmon P. Chase||1861-1864|
|Hugh McCulloch||1865-1869, 1884-1885|
|William Windom||1881, 1889-1891|
|C. Douglas Dillon||1961-1965|
|George P. Shultz||1972-1974|
|W. Michael Blumenthal||1977-1979|
|G. William Miller||1979-1981|
|Robert E. Rubin||1995-1999|
|Henry M. Paulson||2006-2009|