Secretary of the Treasury
| Secretary of the Treasury of the United States of America | |
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Seal of the Department of the Treasury
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Flag of the Secretary of the Treasury
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| United States Department of the Treasury | |
| Style | Mr. Secretary |
| Member of | Cabinet |
| Reports to | The President |
| Seat | Washington, D.C., U.S. |
| Appointer | The President with Senate advice and consent |
| Term length | No fixed term |
| Inaugural holder | Alexander Hamilton |
| Formation | September 11, 1789 |
| Succession | Fifth |
| Deputy | Deputy Secretary of the Treasury |
| Salary | Executive Schedule, Level 1 |
| Website | www |
The Secretary of the Treasury is the head of the U.S. Department of the Treasury, which is concerned with financial and monetary matters, and, until 2003, also included several federal law enforcement agencies. Since the Bill Clinton Administration, The Secretary of the Treasury has also been a non-statutory member of the U.S. National Security Council. This position in the Federal Government of the United States is analogous to the Minister of Finance in many other countries.
The Secretary of the Treasury is a member of the President's Cabinet, and is nominated by the President of the United States. Nominees for The Secretary of the Treasury undergo a confirmation hearing before the United States Senate Committee on Finance before being confirmed by the United States Senate. The Secretary of the Treasury, the Secretary of State, the Attorney General, and the Secretary of Defense are generally regarded as the four most important cabinet officials because of the importance of their departments. The Secretary of the Treasury is fifth in the United States presidential line of succession.
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.
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