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Duties & Functions
Secretaries of the Treasury
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The Secretary of the Treasury is the principal
economic advisor to the President and plays a
critical role in policy-making by bringing an
economic and government financial policy
perspective to issues facing the government.
The Secretary is responsible for formulating and
recommending domestic and international financial,
economic, and tax policy, participating in the
formulation of broad fiscal policies that have
general significance for the economy, and managing
the public debt. The Secretary oversees the
activities of the Department in carrying out its
major law enforcement responsibilities; in serving
as the financial agent for the United States
Government; and in manufacturing coins and
currency.
The Chief Financial Officer of the government,
the Secretary serves as Chairman Pro Tempore of the
President's Economic Policy Council, Chairman of
the Boards and Managing Trustee of the Social
Security and Medicare Trust Funds, and as U.S.
Governor of the International Monetary Fund, the
International Bank for Reconstruction and
Development, the Inter-American Development Bank,
the Asian Development Bank, and the European Bank
for Reconstruction and Development.
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