The Treasury Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions.
The Department of the Treasury operates and maintains systems that are critical to the nation's financial infrastructure, such as the production of coin and currency, the disbursem*nt of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government.
The Office of Domestic Finance, headed by the Under Secretary, advises and assists the Secretary and Deputy Secretary on the domestic financial system, fiscal policy and operations, governmental assets and liabilities, and related economic and financial matters.
Debt Management
Changes in debt management policy are generally developed through the quarterly refunding process near the middle of each calendar quarter.
Cash and Debt Forecasting
These reports include the Daily Treasury Statement, the Monthly Treasury Statement of Receipts and Outlays of the United States Government, and the Monthly Statement of the Public Debt.
Financial Report of the U.S. Government
The Financial Report of the United States Government provides the President, Congress, and the American people with a comprehensive view of the federal government's finances.
Debt Limit
The debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations.
Financial Stability Oversight Council
The Council is charged with identifying risks to the financial stability of the United States; promoting market discipline; and responding to emerging risks to the stability of the United States' financial system.
Federal Insurance Office
The Federal Insurance Officeshas the authority to monitor all aspects of the insurance sector, monitor the extent to which traditionally underserved communities and consumers have access to affordable non-health insurance products, and to represent the United States on prudential aspects of international insurance matters, including at the International Association of Insurance Supervisors.
Restore Act
The Restore Act established the Gulf Coast Restoration Trust Fund in the U.S. Treasury Department. Treasury is responsible for issuing compliance and auditing procedures for the entire Act and procedures for two grant programs administered by Treasury.
