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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]
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.
The United States federal executive departments are the principal units of the executive branch of the federal government of the United States.They are analogous to ministries common in parliamentary or semi-presidential systems but (the United States being a presidential system) they are led by a head of government who is also the head of state.
In the United States, the rank of Under Secretary denotes a high-level civilian official within the United States federal government.An official of sub-Cabinet rank, Under Secretaries are appointed by the President of the United States with the consent of the United States Senate and are assigned to assist a specific Cabinet Secretary.
President-elect Trump on Friday named billionaire investor Scott Bessent to be his Treasury secretary. Bessent would be the key leader of the president-elect’s economic team, which will be ...
This signals the Prime Minister's seniority and superior responsibility over the Treasury. In Australia , the senior minister is the Treasurer , although there is a Minister for Finance who is more junior and, as of 2018 [update] , heads a separate portfolio of Finance and the Public Service.
Scott Bessent, a billionaire hedge fund manager who has helped fundraise for Donald Trump, is the president-elect's choice to lead the Department of Treasury. Bessent has advised Trump on economic ...
Janet Louise Yellen (born August 13, 1946) is an American economist, currently serving as the 78th United States secretary of the treasury since January 26, 2021. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018.