Home
/
RELIGION & LIBERTY ONLINE
/
Understanding the President’s Cabinet: Treasury Secretary
Understanding the President’s Cabinet: Treasury Secretary
Jul 2, 2025 12:41 AM

Note: This is the third in a weekly series of explanatory posts on the officials and agencies included in the President’s Cabinet. See the series introductionhere.

Cabinet position:Secretary of the Treasury

Department:U.S. Department of the Treasury

Current Secretary:AdamJ. Szubinis servingas the Acting Secretary pending the confirmation of President Trump’s nominee, Steven Mnuchin.

Succession: The Secretary of the Treasury is fifth in the presidential line of succession.

Department Mission: “Maintain a strong economy and create economic and job opportunities by promoting the conditions that enable economic growth and stability at home and abroad, strengthen national security bating threats and protecting the integrity of the financial system, and manage the U.S. Government’s finances and resources effectively.” (Source)

Department Budget:$15,462,079,000(FY 2017)

Number of employees: The Treasury Department has over 100,000 employees across the country and around the world.

Primary Duties of the Secretary: The Treasury Secretary is the Chief Financial Officer of the government, whose responsibilities include:

Serving as principal economic advisor to the presidentResponsible for formulating and mending domestic and international financial, economic, and tax policy.Participates in the formulation of broad fiscal policies that have general significance for the economy.Responsible for managing the public debt.Oversees the activities of the Department in carrying out its major law enforcement responsibilities.Serves as the financial agent for the United States Government.Oversees manufacturing of coins and currency.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.

Nominee Info

Nominee: Steven Mnuchin (pronounced “mah nu chin”)

Current/previous occupation: Mnuchin worked for the investment bankGoldman Sachs from 1985 to 2002. He currently serves as chief executive officer of Dune Capital Management, a privately owned hedge fund he co-founded in 2004.

Previous government experience: None

Religious Affiliation: Reform Judaism

Notable achievements: As an actor, Mnuchin played a Merrill Lynch executivein the 2016 movie, Rules Don’t Apply. As a producer he has created numerous films, including Mad Max: Fury Road, Suicide Squad, Batman v Superman: Dawn of Justice, and The Lego Movie.

Notable quotes:

On the 2008 financial crisis: “Many Americans are continuing to suffer from the disastrous ripple effects of the 2008 crisis. Faithfully ensuring this does not happen again means supporting careful oversight of the financial system which prioritizes the needs of everyday Americans over the wishes of financial institutions or the federal government.

On trade policy: “Among President-elect Trump’s signature issues is reviving trade policies that put the American worker first. I will enforce these trade policies that keep and protect American jobs.”

On business: “Ben Franklin once said, ‘The business of the American people is business.’ From our earliest days, we have always been a nation of strivers. American businesses are the greatest repository of ingenuity and entrepreneurial spirit in the world.”

Next post in this series: Secretary of Defense

Previous and ingposts in this series:Secretary of State, Secretary of Defense, Attorney General, Secretary of the Interior, Secretary of Agriculture, Secretary of Commerce, Secretary of Labor, Secretary of Health and Human Services, Secretary of Housing and Urban Development, Secretary of Transportation, Secretary of Energy, Secretary of Education, Secretary of Veterans Affairs, Secretary of Homeland Security

Previous Article：5 Facts about African American History Month Next Article：State and society each has its own sphere
Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Samuel Gregg: Crony Capitalist Predators
Acton’s Director of Research, Sam Gregg, discusses crony capitalism in today’s issue of The American Spectator. Gregg says 2014 looks to be the year of “inequality” economically-speaking, and that we must not forget the threat of crony capitalism. Crony capitalism is an expression that’s used a great deal these days, so let’s be clear what it means. Crony capitalism is not criminal activity or outright corruption — though it verges on, and often enters, these spheres. Crony capitalism is about...
Explainer: What is Net Neutrality?
In a ruling that has significant implications for the future of the Internet, an appeals court has ruled that the FCC cannot impose so-called “net neutrality rules.” What exactly is net neutrality? And why should Christians care? What is net neutrality? Net neutrality (short for “network neutrality”) refers to both a design principle and laws that attempt to regulate and enforce that principle. The net neutrality principle is the idea that a public information network should aspire to treat all...
Letter from Bangalore: Equality is God, and Compassion is its Prophet
I’ve just returned from Bangalore, where I attended a conference on “Bounds of Ethics in a Globalized World” at Christ University, which is run by the Carmelites of Mary Immaculate, the first Catholic religious order started in India. The headline attraction on the opening day was the appearance of the Dalai Lama and his remarks promoting “secular ethics.” This may seem ing from one of the world’s most famous religious leaders (and a monk, at that), but like his counterpart...
Tax Policy and the Bible
Until the 2000s, the biblical view of tax policy in the both the Christian and Jewish traditions was neutral to conservative in the political sense, says historian Bruce Bartlett. Historically, the principal biblical tax concern has been is opposition to tax evasion. But in the last 10 years, says Bartlett, mentary on tax policy and the Bible has shifted in a more politically progressive direction: Theologian Charles E. Curran noted that historically, the Catholic Church has said very little about...
Four Christian Traditions on Faith, Work, and Economics
Through Christian’s Library Press, the Acton Institute has published four tradition-specific primers on faith, work, and economics, including Wesleyan, Pentecostal, Baptist, and Reformed perspectives. In a new video filmed by the Oikonomia Network, three contributors to the series discuss their respective approaches, examining a variety monalities and distinctions along the way. This unique blend of unity in Christ and diversity through tradition offers but a glimpse of the value and significance of these primers, particularly when absorbed and studied together....
Audio: Sirico on Pope Francis and Catholic Social Teaching
On Monday afternoon, Acton Institute President Rev. Robert A. Sirico was a guest on “Faith, Culture, Politics: In That Order” on the Guadalupe Radio Network, which broadcasts primarily in Texas. Rev. Sirico engaged in an extended discussion of Catholic Social Teaching, with a great deal of time dedicated to Pope Francis’ particular style and emphasis in dealing with some of the more controversial matters of our time. You can listen to the interview via the audio player below. Update: The...
Conservatives Should Welcome the Debate on Poverty and Income Inequality
“Today’s welfare state is largely the construction of decades of liberal political activism,” writes James C. Capretta. “If it is failing, and there is strong evidence that it is in many ways, then that is a stinging indictment of the liberal governing philosophy more than anything else.” He argues for more conservative activism on the poverty problem, particularly in education. An effective conservative critique of existing policies starts with the acknowledgement that a strong social safety net is a must...
Think Redistribution Is Great? Here Are A Few Questions For You
Are you a fan of redistribution? Do you think those with more money should willingly or unwillingly spread the wealth? Do you believe the government should step in and help with the redistribution process? Well, economist Donald Boudreaux has a few questions for you. Do you teach your children to envy what other children have? Do you encourage your children to form gangs with their playmates to “redistribute” toys away from richer kids on the schoolyard toward kids not so...
What If Buying Coffee Was Like Obamacare?
From The Federalist Papers: ...
Raising the minimum wage would help the poor, right?
have been calling for a raise in the minimum wage, and politicians are touting it. There’s even a website devoted to it (“Rebuilding an economy that works for all of us.”) But would raising the minimum wage really help the working poor? Economist David R. Henderson says no, it won’t. In a piece for the National Center for Policy Analysis, Henderson says there are two myths here. Most workers earning at or close to the minimum wage are not the...
Related Classification
RELIGION & LIBERTY
RELIGION & LIBERTY ONLINE
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
mreligion RELIGION & LIBERTY ONLINE RELIGION & LIBERTY
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2025 - www.mreligion.com All Rights Reserved