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The '''United States Secretarysecretary of the Treasurytreasury''' is the head of the [[United States Department of the Treasury]], and is the chief financial officer of the [[federal government of the United States]]. The Secretarysecretary of the Treasurytreasury serves as the principal advisor to the [[president of the United States]] on all matters pertaining to economic and fiscal policy. The Secretarysecretary is, by custom, a member of the [[Cabinet of the United States]] and, by law, a member of the [[United States National Security Council|National Security Council]].<ref>{{UnitedStatesCode|50|3021|National Security Council}}</ref>
Under the [[Appointments Clause]] of the [[United States Constitution]], the officeholder is nominated by the president of the United States, and, following a [[confirmation hearing]] before the [[United States Senate Committee on Finance|Senate Committee on Finance]], is confirmed by the [[United States Senate]].
The [[United States Secretary of State|Secretarysecretary of Statestate]], the Secretarysecretary of the Treasurytreasury, the [[United States Secretary of Defense|Secretarysecretary of Defensedefense]], and the [[United States Attorney General|Attorneyattorney Generalgeneral]] are generally regarded as the four most important Cabinet officials, due to the size and importance of their respective departments.<ref>''Cabinets and Counselors: The President and the Executive Branch'' (1997). [[Congressional Quarterly]]. p. 87.</ref>
The current Secretarysecretary of the Treasurytreasury is [[Janet Yellen]], who is the first woman to hold the office.<ref>{{cite press release |author=<!--Not stated--> |title=Janet L. Yellen Sworn In As 78th Secretary of the United States Department of the Treasury |url=https://home.treasury.gov/news/press-releases/jy0002 |url-status=live |location=Washington, D.C. |publisher=U.S. Department of the Treasury |date=January 26, 2021 |archive-url= |archive-date= |access-date=January 27, 2021}}</ref><ref>{{cite web |url=https://www.cnn.com/2021/01/25/economy/yellen-treasury-secretary-first-woman/index.html |title=Janet Yellen is confirmed as the first female Treasury Secretarysecretary in US history |last1=Tappe |first1=Anneken |last2=Egan |first2=Matt |date=January 25, 2021 |website=cnn.com |archive-url= |archive-date= |url-status=live |access-date=January 26, 2021}}</ref>
==Powers and functions==
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 (United States)|Social Security]] and [[Medicare (United States)|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]]. |author=U.S. Department of the Treasury Web site<ref>{{cite web |url=http://www.ustreas.gov/education/duties/treas/sec-treasury.shtml |title=Duties & Functions: Secretaries of the Treasury |publisher=[[United States Department of the Treasury]] |archive-url=https://web.archive.org/web/20101119160912/http://www.treasury.gov/education/duties/treas/sec-treasury.shtml |archive-date=November 19, 2010 |access-date=November 30, 2012}}</ref>}}
The Secretarysecretary along with the [[Treasurertreasurer of the United States]] must sign [[Federal Reserve notes]] before they can become [[legal tender]].<ref>{{cite news |last=Rappeport |first=Alan |date=December 8, 2022 |title=Yellen Is First Female Treasury Secretary With Signature on U.S. Dollar |url=https://www.nytimes.com/2022/12/08/business/janet-yellen-signature-dollar.html |url-status=live |newspaper=The New York Times |archive-url=https://web.archive.org/web/20221209181953/https://www.nytimes.com/2022/12/08/business/janet-yellen-signature-dollar.html |archive-date=December 9, 2022 |access-date=December 9, 2022 |quote=By tradition, the Treasurertreasurer must sign the money along with the Treasury Secretarysecretary. Both signatures are engraved onto plates at the Bureau of Engraving and Printing, where they are printed and submitted to the Federal Reserve, which determines what currency will be added to circulation.}}</ref> The Secretarysecretary also manages the [[Troubled Asset Relief Program|United States Emergency Economic Stabilization fund]].<ref>{{USC2|12|5211|Purchases of troubled assets}}</ref>
==Salary==
The Secretarysecretary of the Treasurytreasury is a [[Executive Schedule#Level I|Level I position in the Executive Schedule]],<ref name="UnitedStatesCode|5|5312"/> thus earning the salary prescribed for that level ([[US Dollar|US$]]221,400, as of January 2021).<ref>{{cite web|url=https://www.opm.gov/policy-data-oversight/pay-leave/salaries-wages/salary-tables/pdf/2021/EX.pdf |archive-url=https://ghostarchive.org/archive/20221010/https://www.opm.gov/policy-data-oversight/pay-leave/salaries-wages/salary-tables/pdf/2021/EX.pdf |archive-date=October 10, 2022 |url-status=live|title=Salary Table No. 2021-EX Rates of Basic Pay for the Executive Schedule (EX)}}</ref>
==List of secretaries of the treasury==
'''Status'''
{{legend|#E6E6AA|Denotes an [[Acting (law)|Actingacting]] Secretarysecretary of the Treasurytreasury|border=black}}
{| class="wikitable" style="clear:right; text-align:center"
==Succession==
===Presidential succession===
The Secretarysecretary of the Treasurytreasury is fifth in the [[United States presidential line of succession|presidential line of succession]], following the [[United States Secretary of State|Secretarysecretary of Statestate]] and preceding the [[United States Secretary of Defense|Secretarysecretary of Defensedefense]].<ref name="UnitedStatesCode|3|19"/>
===Succession within the Department===
On August 16, 2016, President [[Barack Obama]] signed Executive Order 13735, which changed the order of succession for filling the Treasury Secretary's role when necessary. At any time when the Secretarysecretary and the [[United States Deputy Secretary of the Treasury|Deputydeputy Secretarysecretary of the Treasurytreasury]] have both died, resigned, or cannot serve as Secretarysecretary for other reasons, the order designates which Treasury officers are next in line to serve as Actingacting Secretarysecretary.
The order of succession is:<ref>{{Cite web|title=Executive Order on Providing an Order of Succession within the Department of the Treasury|url=https://www.federalregister.gov/documents/2016/08/17/2016-19723/providing-an-order-of-succession-within-the-department-of-the-treasury|date=August 16, 2016|language=en-US|access-date=January 9, 2022}} {{PD-notice}}</ref>
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