Difference between revisions of "United States Secretary of the Treasury"
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The United States '''Secretary of the Treasury''' is the head of the [[Department of the Treasury]]. The current Secretary of the Treasury is [[Henry M. Paulson]], who was nominated by President [[George W. Bush]] on May 30, 2006 and confirmed by the [[Senate]] on June 28, 2006. | The United States '''Secretary of the Treasury''' is the head of the [[Department of the Treasury]]. The current Secretary of the Treasury is [[Henry M. Paulson]], who was nominated by President [[George W. Bush]] on May 30, 2006 and confirmed by the [[Senate]] on June 28, 2006. | ||
Revision as of 23:49, February 25, 2009
The United States Secretary of the Treasury is the head of the Department of the Treasury. The current Secretary of the Treasury is Henry M. Paulson, who was nominated by President George W. Bush on May 30, 2006 and confirmed by the Senate on June 28, 2006.
The Secretary of the Treasury is a member of the President's United States Cabinet. Alexander Hamilton was the first Secretary, selected by President George Washington in 1789.
Duties
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.[1]
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
