What is the Department of Treasury (DOT)?

2 years ago
119
us news treasury finance stock Treasury Department Department of Treasury DoT executive department 1789 manage government revenue Secretary of the Treasury treasury secretary

My Exclusive Free Workshop The Four P's of Building a Successful Investing Program → https://spxinvesting.mailchimpsites.com
Blog: https://spxinvestingblog.com
Facebook Public Group: https://www.facebook.com/groups/43384...

The Department of the Treasury (DoT) is part of the executive department.
It was established by an Act of Congress in 1789 to manage government revenue.
The Department is administered by the Secretary of the Treasury, who is a member of the Cabinet. Janet Yellen is the current Secretary of the Treasury; she was sworn in on January 26, 2021.
Current Treasury Secretary
Janet Yellen (2021 - )
Responsibilities
The basic functions of the Department of the Treasury mainly include:
Producing all currency, coinage and postage stamps of the US;
Collecting taxes, duties, and money paid to and due to the US:
Paying all bills of the US;
Managing the federal finances;
Managing government accounts and the United States public debt;
Supervising national banks and thrift institutions;
Advising on domestic and international financial, monetary, economic, trade and tax policy (fiscal policy being the sum of these);
Enforcing federal finance and tax laws;
Investigating and prosecuting tax evaders;
Publishing statistical reports.

Loading comments...