The Secretary of the Treasury is responsible for overseeing the U.S. Department of the Treasury, a division of the President’s cabinet. Their role involves managing the nation’s finances and monetary affairs.
The Secretary of the Treasury, currently Janet Yellen, is a prominent member of the President’s cabinet. Their primary responsibility is overseeing the U.S. Department of the Treasury, which handles various financial matters such as tax collection, currency production, and bank regulation. In addition, the Secretary advises the President on economic issues and collaborates closely with the Federal Reserve to manage the nation’s monetary policy. These examples highlight the crucial role and extensive responsibilities of the Secretary of the Treasury, emphasizing their significant influence in shaping the country’s economic policies and effectively managing its finances.
The Secretary of the Treasury is responsible for overseeing the nation’s finances, including managing the public debt, collecting taxes, and overseeing the production of currency.
Yes, the Secretary of the Treasury, like other cabinet members, can be impeached by the House of Representatives and tried by the Senate for “high crimes and misdemeanors.”
There are no specific qualifications required by law to become Secretary of the Treasury, but typically the position is held by individuals with a background in finance, economics, or public policy.
Yes, the Secretary of the Treasury can be sued in their official capacity for actions taken in their role as a government official.
The term length for the Secretary of the Treasury is not specified by law and is determined by the President who appoints them.
Yes, the President has the authority to remove the Secretary of the Treasury from office.
The salary of the Secretary of the Treasury is determined by Congress and is currently set at $210,700 per year.
The line of succession for the Secretary of the Treasury is established by the Presidential Succession Act of 1947 and includes the Vice President, Speaker of the House, President pro tempore of the Senate, and the Secretary of State.
No, the Secretary of the Treasury does not have the authority to issue executive orders. Executive orders are issued by the President.
The Secretary of the Treasury is required to divest any financial interests that could create a conflict of interest and to recuse themselves from any matters that could involve a conflict of interest.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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