United States Department of the Treasury | Wikipedia audio article
Channel: wikipedia tts
Date: 2018-12-03

This is an audio version of the Wikipedia Article:
United States Department of the Treasury


00:01:35 1 History
00:01:44 1.1 Revolutionary Period
00:04:53 1.2 Hamilton and the Establishment of the Department of the Treasury
00:06:52 1.3 2003 Reorganization
00:08:10 2 Responsibilities
00:08:19 2.1 Basic functions
00:09:50 3 Organization
00:10:19 3.1 Structure
00:12:32 3.2 Bureaus
00:12:41 3.3 Budget and staffing
00:13:00 4 Freedom of Information Act processing performance
00:13:30 5 See also
00:14:05 6 Notes and references
00:14:14 7 External links



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SUMMARY
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The Department of the Treasury (USDT) is an executive department and the treasury of the United States federal government. Established by an Act of Congress in 1789 to manage government revenue, the Treasury prints all paper currency and mints all coins in circulation through the Bureau of Engraving and Printing and the United States Mint, respectively; collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy.The Department is administered by the Secretary of the Treasury, who is a member of the Cabinet. Senior advisor to the Secretary is the Treasurer of the United States. Signatures of both officials appear on all Federal Reserve notes.The first Secretary of the Treasury was Alexander Hamilton, sworn into office on September 11, 1789. Hamilton was appointed by President George Washington on the recommendation of Robert Morris, Washington's first choice for the position, who had declined the appointment. Hamilton established—almost singlehandedly—the nation's early financial system and for several years was a major presence in Washington's administration. His portrait appears on the obverse of the ten-dollar bill, while the Treasury Department building is depicted on the reverse.The current Secretary of the Treasury is Steven Mnuchin, who was confirmed by the United States Senate on February 13, 2017. Jovita Carranza, appointed on April 28, 2017, is the incumbent treasurer.