"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."
Because of the resignation of Deputy Secretary of Treasury Roger Altman resigned in august of 1994, Under Secretary of Treasury for Domestic Finance Frank Newman served from December 22, 1994 to January 11, 1995 as Acting Secretary of Treasury.
Deputy Secretary of Treasury Kenneth W Dam served as Acting Secretary of Treasury from December 31, 2002 to February 3, 2003.
External link
U.S Department of the Treasury Complete list (http://www.ustreas.gov/education/history/secretaries/index.html)
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.
Because of the resignation of Deputy Secretary of Treasury Roger Altman in August 1994, Under Secretary of Treasury for Domestic Finance Frank Newman served from December 22, 1994 to January 11, 1995 as Acting Secretary of Treasury.
Deputy Secretary of Treasury Kenneth W. Dam served as Acting Secretary of Treasury from December 31, 2002 to February 3, 2003.
It is the 4th most significant Ministerial role within the Treasury after the Chancellor of the Exchequer, the Chief Secretary to the Treasury, and the Paymaster General.
The role of Financial Secretary to the Treasury was created in 1711 and was known as the Junior Secretary to the Treasury to the Parliamentary Secretary to the Treasury who held the senior position.
The incumbent Financial Secretary to the Treasury is John Healey who has been in the role since 2005, having formerly been the Economic Secretary to the Treasury.