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The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy.
In 1861, Sophia Holmes became the first Black woman to be employed by the Treasury Department and by the Federal government of the United States when Senator Henry Wilson, James G. Blaine and others advocated for her hiring as a janitor under Secretary of the Treasury Francis Spinner. She was paid fifteen dollars per month.
Today, several officials hold the title of "Under Secretary" of the Treasury. Among those who served as under secretary when it was the number-two position in the department include Dean Acheson, Henry Morgenthau Jr., John W. Hanes II, and O. Max Gardner (1946–1947). [9] [10] The prior Deputy Secretary was Justin Muzinich.
While the Fed’s monetary policy actions influence it, the 10-year Treasury yield is free floating, meaning that any number of factors can cause it to go up or down beyond the Fed.
(Reuters) -Billionaire investor John Paulson said on Tuesday he was dropping out of contention for U.S. Treasury secretary in Donald Trump's new cabinet, putting the focus squarely on fellow ...
Treasury Secretary Janet Yellen in Washington on Nov. 21. The U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan. 13, 2025, to file a new form, known as a ...
Scott Kenneth Homer Bessent (/ ˈ b ɛ s ən t / BESS-ənt; born August 21, 1962) is an American investor and hedge fund manager who has served since 2025 as the 79th United States secretary of the treasury. [1]
The chief of staff to the secretary of the Treasury is the coordinator of the supporting staff, primary aide to the United States Secretary of the Treasury and, as deputy secretary, has authority to stand in for the secretary. According to Treasury Order 101-05, the chief of staff "shall report directly to the Secretary and shall exercise ...