Difference between revisions of "United States Department of the Treasury"

From Conservapedia
Jump to: navigation, search
m
(Image)
Line 1: Line 1:
 +
[[Image:DepartmentofT.jpg|right|200px|]]
 
The '''United States Department of the Treasury''' is a [[United States Cabinet|Cabinet]] department.  The Treasury was established by [[Congress]] in 1789 to help manage government revenue.  The Department of the Treasury is administered by the [[Secretary of the Treasury]] and the [[Treasurer of the United States]].
 
The '''United States Department of the Treasury''' is a [[United States Cabinet|Cabinet]] department.  The Treasury was established by [[Congress]] in 1789 to help manage government revenue.  The Department of the Treasury is administered by the [[Secretary of the Treasury]] and the [[Treasurer of the United States]].
  

Revision as of 00:00, August 8, 2007

DepartmentofT.jpg

The United States Department of the Treasury is a Cabinet department. The Treasury was established by Congress in 1789 to help manage government revenue. The Department of the Treasury is administered by the Secretary of the Treasury and the Treasurer of the United States.

The Department of the Treasury's mission is to "promote the conditions for prosperity and stability in the United States and encourage prosperity and stability in the rest of the world." [1]

History

While the Department of the Treasury was created in 1789, the Office of the Treasurer was created by the Continental Congress in 1775.

The first Secretary of the Treasury was Alexander Hamilton under President George Washington.

Duties

  • Manage Federal Finances
  • Collect taxes, duties and monies paid to and due to the United States
  • Produce postage stamps, currency and coinage
  • Manage the U.S. public debt
  • Supervise national banks
  • Advise on domestic and international financial policies
  • enforce Federal finance and tax laws

The United States Mint and Bureau of Engraving and Printing also fall under the Department of the Treasury's jurisdiction.[2]

Restructuring

In 2003 some changes were made to the Department of the Treasury. The Bureau of Alcohol, Tobacco and Firearms (ATF) was transferred to the Department of Justice. The ATF's duties of tax and trade functions remained with the Treasury. The Federal Law Enforcement Training Center, United States Customs Service and the United States Secret Service were transferred to the Department of Homeland Security.

References

  1. Duties & Functions of the Treasury
  2. Bureaus of the DoT