You may not know him by sight, but chances are you have his signature in your pocket. Examine any new dollar bill you own and you will find the signature of Secretary of the Treasury Lawrence H. Summers. That mark says it all. Wherever that bill goes, home or abroad, to the IRS or the IMF, Treasury Secretary Lawrence H. Summers has something to do with it. That's his job.
Summers is the chief financial officer of the federal government.
He's responsible for formulating domestic and international financial, economic, and tax policy. The U.S. Mint, IRS, and the Bureau of the Public Debt are his responsibility. For the most part, Summers and Federal Reserve Chairman Alan Greenspan craft the nation's economy policy. In February, the economic expansion hit 107 months, surpassing the previous record of 106 months set in 1969. The pressure is on Summers and Greenspan to continue the economic success without triggering inflation.