United States Secretary of the Treasury: Difference between revisions
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The '''Secretary of the Treasury''' is a Cabinet member charged with developing [[fiscal policy]] for the [[United States of America]] and overseeing the [[Department of the Treasury]]. The position was established in 1789, giving it the distinction of being one of the two oldest [[United States cabinet|Cabinet positions]].<ref name=DepartmentOfTheInteriorHistory> | The '''Secretary of the Treasury''' is a Cabinet member charged with developing [[fiscal policy]] for the [[United States of America]] and overseeing the [[U.S. Department of the Treasury]]. The position was established in 1789, giving it the distinction of being one of the two oldest [[United States cabinet|Cabinet positions]].<ref name=DepartmentOfTheInteriorHistory> | ||
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The first and most influential secretary was [[Alexander Hamilton]] (1789-1794), who established the new nation's finances on a sound bases, and to provide political support created the world's first voter-based political party, the [[Federalist Party]], using the Treasury's national network of supporters. | The first and most influential secretary was [[Alexander Hamilton]] (1789-1794), who established the new nation's finances on a sound bases, and to provide political support created the world's first voter-based political party, the [[Federalist Party]], using the Treasury's national network of supporters. | ||
The Secretary shares with the Chairman of the [[Federal Reserve System]] the status as the most powerful decision-maker in financial policy.<ref> The "[[Treasurer of the United States]]" is a separate position, mostly honorific and without power. The Treasurer and Secretary both have their signature on paper currency.</ref> | |||
== | In most countries this position is generally known as the [[Minister of Finance]]; Britain calls it the [[Chancellor of the Exchequer]]. The Secretary is fifth in the [[Presidential Line of Succession|line of succession]] to the Presidency. The current Secretary is [[Timothy F. Geithner]]. | ||
==See also== | |||
* [[Treasurer of the United States]] | |||
* [[Federal Reserve System]] | |||
====Notes==== | |||
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Latest revision as of 11:59, 3 December 2024
The Secretary of the Treasury is a Cabinet member charged with developing fiscal policy for the United States of America and overseeing the U.S. Department of the Treasury. The position was established in 1789, giving it the distinction of being one of the two oldest Cabinet positions.[1] The first and most influential secretary was Alexander Hamilton (1789-1794), who established the new nation's finances on a sound bases, and to provide political support created the world's first voter-based political party, the Federalist Party, using the Treasury's national network of supporters.
The Secretary shares with the Chairman of the Federal Reserve System the status as the most powerful decision-maker in financial policy.[2]
In most countries this position is generally known as the Minister of Finance; Britain calls it the Chancellor of the Exchequer. The Secretary is fifth in the line of succession to the Presidency. The current Secretary is Timothy F. Geithner.
See also
Notes
- ↑ DOI history. Department of the Interior. Retrieved on 2007-11-17.
- ↑ The "Treasurer of the United States" is a separate position, mostly honorific and without power. The Treasurer and Secretary both have their signature on paper currency.