United States Secretary of the Treasury
The Secretary of the Treasury is the principal economic advisor to the President of the United States. The Secretary is responsible for formulating and recommending domestic and international financial, economic, and tax policy. Most of the department’s law enforcement agencies such as the U.S. Customs Service, the Bureau of Alcohol, Tobacco, Firearms, and Explosives were reassigned to other departments in 2003 in conjunction with the creation of the Department of Homeland Security.
About United States Secretary of the Treasury in brief
The Secretary of the Treasury is the principal economic advisor to the President of the United States. The Secretary is responsible for formulating and recommending domestic and international financial, economic, and tax policy. Most of the department’s law enforcement agencies such as the U.S. Customs Service, the Bureau of Alcohol, Tobacco, Firearms, and Explosives were reassigned to other departments in 2003 in conjunction with the creation of the Department of Homeland Security. If both the secretary and the deputy secretary of the treasury are unable to carry out the duties of the office of secretary of treasury, then the official of under secretary rank sworn in earliest assumes the role of acting secretary.
As of December 2020, there are the oldest ten living treasury secretaries, the oldest being George P. Shultz. The most recent treasury to die, was Paul H. O’Neill on April 18, 2020, as well as the most recent secretary to serve in the Obama administration, Timothy Geithner on January 26, 2009.
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