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Transcript of Executive Branch
Sophie Menting Executive Branch;
Treasury The Executive Branch executes and enforces laws passed by Congress. Treasury is one of fifteen cabinets of the executive branch. The mission of the treasury is to help the economy develop, prosper and make certain the US and International Financial Systems are sound and secure. The role of the treasury in the US government is to manage government revenue The secretary of Treasury at the moment is Timothy Geithner. He is the Seventy-Fifth Secretary in United States history. Previously, he was the president of the Federal Reserve Bank of New York. Resources Resources that we used... "Timothy Geithner." Wikipedia. Wikimedia Foundation, 12 Feb. 2012. Web. 03 Dec. 2012. <http://en.wikipedia.org/wiki/Timothy_Geithner>.
"Gadsden Lawyers, BURNS, BURNS & GARNER, Gadsden Attorneys Gadsden Lawyer Gadsden Attorney Alabama Personal Injury Lawyers Practicing in Anniston Fort Payne Albertville Centre Talladega Ashville Etowah County." Gadsden Lawyers, BURNS, BURNS & GARNER, Gadsden Attorneys Gadsden Lawyer Gadsden Attorney Alabama Personal Injury Lawyers Practicing in Anniston Fort Payne Albertville Centre Talladega Ashville Etowah County. N.p., n.d. Web. 03 Dec. 2012. <http://www.burnsgarner.com/Links.html>.
"Seal of the United States Department of the Treasury." Wikipedia. Wikimedia Foundation, 23 Nov. 2012. Web. 03 Dec. 2012. <http://en.wikipedia.org/wiki/Seal_of_the_United_States_Department_of_the_Treasury>.
"The Executive Branch." The White House. N.p., n.d. Web. 03 Dec. 2012. <http://www.whitehouse.gov/our-government/executive-branch>.
"About." History of the Treasury. N.p., n.d. Web. 03 Dec. 2012. <http://www.treasury.gov/about/history/Pages/edu_history_brochure.aspx>.
"United States Department of the Treasury." Wikipedia. Wikimedia Foundation, 28 Nov. 2012. Web. 03 Dec. 2012. <http://en.wikipedia.org/wiki/United_States_Department_of_the_Treasury>.
"U.S. GAO - Major Management Challenges at the Department of TheTreasury." U.S. GAO - Major Management Challenges at the Department of TheTreasury. N.p., n.d. Web. 03 Dec. 2012. <http://www.gao.gov/pas/2005/treasury.htm>. The Cabinet of Treasury was formally created and grouped with the executive branch in 1789 (the First Session of Congress). Many details of the Department were previously being used before the Declaration of Independence was signed thirteen years before. The reason that the Department of Treasury was created was to keep the fund balances of our country in check and to collect taxes (IRS). Agencies, Administrations, services or programs included in the Department of Treasury Who is involved? Challenges facing the Department of Treasury What are some of these challenges? The Department of Treasury is facing several different challenges in modernizing its largest section, the Internal Revenue Service (IRS), including improving service to taxpayers, improving enforcement of the tax laws, developing and using meaningful performance measures, and improving IRS financial management. Coining and currency
Disbursement of payments to the American public
Collection of Taxes
Borrowing of Funds
Promote national securities Critical to Financial Infrastructure... Department Works With... How the average citizen interacts... How does the average citizen interact with the department? Other federal agencies
International financial institution (encourages economic growth)
Raise standards of living
Predict and prevent economic crises (if possible) The average citizen of the United States interacts with the Department of Treasury through money and taxes.