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The Department of the Treasury (USDT) [2] is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. [3] The department oversees the Bureau of Engraving and Printing and the U.S. Mint.
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.
By law, the treasurer is the depositary officer of the United States with regard to deposits of gold, special drawing rights, [2] and financial gifts to the Library of Congress. [3] The treasurer also directly oversees the Bureau of Engraving and Printing (BEP) and the United States Mint, which respectively print and mint U.S. currency and coinage.
Treasury securities are backed by the full faith and credit of the United States, meaning that the government promises to raise money by any legally available means to repay them. Although the United States is a sovereign power and may default without recourse , its strong record of repayment has given Treasury securities a reputation as one of ...
In addition, the Deputy Secretary is the only official other than the secretary who can sign a Treasury order, which is a document that delegates authority residing in the secretary or Deputy Secretary to another Treasury official, establishes Treasury policy, and establishes the reporting relationships and supervision of officials. [2]
The United States government has accused the People's Republic of China (PRC) and its state-sponsored advanced persistent threats of hacking into its services. [1] In July 2024, PRC hackers compromised at least nine telecommunications companies.
Walter Orr Woods (October 31, 1873 – June 7, 1951 [1]) was an American government official who was Register of the Treasury from October 1, 1927, to January 17, 1929 [2] and Treasurer of the United States from January 18, 1929, to May 31, 1933. Before becoming Treasurer, he was a member of the War Loan Board staff.
United States Department of the Treasury images (2 F) Individuals subject to U.S. Department of the Treasury sanctions by country (8 C) Iranian entities subject to U.S. Department of the Treasury sanctions (10 C, 75 P)