United States Department of the Treasury

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The United States Department of the Treasury is a Cabinet department and the treasury of the United States government. It was established by an Act of Congress in 1789 to manage government revenue. The first Secretary of the Treasury was Alexander Hamilton. President George Washington asked Hamilton to serve after first having asked Robert Morris. Hamilton almost single-handedly worked out the nation's early financial system, and for several years was a major presence in Washington's administration as well. His statue still stands outside the Treasury building.

The Department is administered by the United States Secretary of the Treasury and the Treasurer of the United States who receives and keeps the money of the United States. The Department prints and mints all paper currency and coins in circulation through the Bureau of Engraving and Printing and the United States Mint. It also collects all federal taxes through the Internal Revenue Service.


Part of this article consists of modified text from Wikipedia, and the article is therefore licensed under GFDL.
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