The United States secretary of the treasury 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 secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is,by custom,a member of the president's cabinet and,by law,a member of the National Security Council.
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States,where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and the U.S. Mint. These two agencies are responsible for printing all paper currency and minting coins,while the treasury executes currency circulation in the domestic fiscal system. The USDT collects all federal taxes through the Internal Revenue Service;manages U.S. government debt instruments;licenses and supervises banks and thrift institutions;and advises the legislative and executive branches on matters of fiscal policy. The department is administered by the secretary of the treasury,who is a member of the Cabinet. The treasurer of the United States has limited statutory duties,but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes.
Janet Louise Yellen is an American economist serving as the 78th United States secretary of the treasury since January 26,2021. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018. She is the first person to hold those positions having also led the White House Council of Economic Advisers and the first woman to hold either post.
T. Rowe Price Group,Inc. is an American publicly owned global investment management firm that offers funds,subadvisory services,separate account management,and retirement plans and services for individuals,institutions,and financial intermediaries. The firm has assets under management of more than $1.6 trillion and annual revenues of $6.2 billion as of 2020,placing it 447 on the Fortune 500 list of the largest U.S. companies. Headquartered at 100 East Pratt Street in Baltimore,Maryland,it has 5,000 employees in Baltimore and 16 international offices serving clients in 47 countries.
The Under Secretary of the Treasury for Domestic Finance is a high-ranking position within United States Department of the Treasury that reports to,advises,and assists the Secretary of the Treasury and the Deputy Secretary of the Treasury. The under secretary leads the department's policy on the issues of domestic finance,fiscal policy,fiscal operations,government assets,government liabilities,and other related economic and fiscal matters.
Brenda Lawrence is an American politician who served as the U.S. representative from Michigan's 14th congressional district from 2015 to 2023. A member of the Democratic Party,Lawrence served as mayor of Southfield,Michigan,from 2001 to 2015,and was the party's nominee for Oakland County executive in 2008 and for lieutenant governor in 2010. Her district covers most of eastern Detroit,including downtown,and stretches west to take in portions of Oakland County,including Farmington Hills,Pontiac,and Lawrence's home in Southfield.
The Federal Housing Finance Agency (FHFA) is an independent federal agency in the United States created as the successor regulatory agency of the Federal Housing Finance Board (FHFB),the Office of Federal Housing Enterprise Oversight (OFHEO),and the U.S. Department of Housing and Urban Development government-sponsored enterprise mission team,absorbing the powers and regulatory authority of both entities,with expanded legal and regulatory authority,including the ability to place government-sponsored enterprises (GSEs) into receivership or conservatorship.
The Emergency Economic Stabilization Act of 2008,often called the "bank bailout of 2008" or the "Wall Street bailout",was proposed by Treasury Secretary Henry Paulson,passed by the 110th United States Congress,and signed into law by President George W. Bush. It became law as part of Public Law 110-343 on October 3,2008,in the midst of the financial crisis of 2007–2008. It created the $700 billion Troubled Asset Relief Program (TARP) to purchase toxic assets from banks. The funds were mostly redirected to inject capital into banks and other financial institutions while the Treasury continued to examine the usefulness of targeted asset purchases.
Mary Lovelace Schapiro served as the 29th Chair of the U.S. Securities and Exchange Commission (SEC). She was appointed by President Barack Obama,unanimously confirmed by the U.S. Senate,and assumed the Chairship on January 27,2009. She is the first woman to be the permanent Chair of the SEC. In 2009,Forbes ranked her the 56th most powerful woman in the world.
Timothy Franz Geithner is an American former central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009,following service in the Clinton administration. Since March 2014,he has served as president and managing director of Warburg Pincus,a private equity firm headquartered in New York City.
The US bear market of 2007–2009 was a 17-month bear market that lasted from October 9,2007 to March 9,2009,during the financial crisis of 2007–2009. The S&P 500 lost approximately 50% of its value,but the duration of this bear market was just below average.
Michael S. Barr is an American legal scholar who has been the second vice chair of the Federal Reserve for supervision since 2022. From 2009 to 2011,he was assistant secretary of the treasury for financial institutions under President Barack Obama.
Mary Lynn Washington is an American politician who has served as a member of the Maryland Senate from District 43 since 2019. She previously represented the district in the Maryland House of Delegates from 2011 to 2019.
The Financial Stability Oversight Council (FSOC) is a United States federal government organization,established by Title I of the Dodd–Frank Wall Street Reform and Consumer Protection Act,which was signed into law by President Barack Obama on July 21,2010. The Office of Financial Research is intended to provide support to the council.
Jeffrey A. Goldstein is a United States economist who was Under Secretary of the Treasury for Domestic Finance from March 27,2010,to 2011. Jeffrey is currently the chairman of the board of directors of Fidelity National Information Services (FIS).
Nani A. Coloretti is an American policy advisor who is currently serving as the deputy director of the Office of Management and Budget. Coloretti served as United States Deputy Secretary of Housing and Urban Development from 2014 to 2017. Following her service as deputy secretary,she became senior vice president for financial and business strategy and treasurer at the Urban Institute.
Jean Nellie Liang is an economist who currently serves as President Joe Biden's Under Secretary of the Treasury for Domestic Finance.
Brandon Maurice Scott is an American politician serving as the mayor of Baltimore,Maryland,since 2020. The city of Baltimore uses a strong mayor-council structure for their government,meaning Scott holds strong mayoral powers. He is the former president of the Baltimore City Council and was a candidate for lieutenant governor of Maryland in 2018,as well as a representative for Baltimore's second district. On May 6,2019,Scott was elected to replace Jack Young as council president after Young succeeded Mayor Catherine Pugh. In September 2019,Scott announced his candidacy for mayor and won the June 2020 Democratic primary. Scott won the November 3 general election and took office on December 8,2020.
The 2020 Baltimore mayoral election was held on November 3,2020,concurrent with the general election. Brandon Scott won the Democratic Party's nomination for mayor and the general election.
