United States Secretary of the Treasury information
Head of the United States Department of the Treasury
"Secretary of the Treasury" redirects here. For other uses, see Secretary of the Treasury (disambiguation). Not to be confused with Treasurer of the United States.
United States Secretary of the Treasury
Seal of the U.S. Department of the Treasury
Flag of the secretary
Incumbent Janet Yellen since January 26, 2021
United States Department of the Treasury
Style
Madam Secretary (informal) The Honorable (formal)
Member of
Cabinet of the United States United States National Security Council
Reports to
President of the United States
Seat
Treasury Building Washington, D.C.
Appointer
President of the United States with Senate advice and consent
Term length
No fixed term
Constituting instrument
31 U.S.C. § 301
Precursor
Superintendent of Finance
Formation
September 11, 1789; 234 years ago (1789-09-11)
First holder
Alexander Hamilton
Succession
Fifth[1]
Deputy
United States Deputy Secretary of the Treasury[2]
Salary
Executive Schedule, Level I[3]
Website
treasury.gov
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.[4]
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 Senate Committee on Finance, is confirmed by the United States Senate.
The secretary of state, the secretary of the treasury, the secretary of defense, and the attorney general are generally regarded as the four most important Cabinet officials, due to the size and importance of their respective departments.[5]
The current secretary of the treasury is Janet Yellen, who is the first woman to hold the office.[6][7]
^"3 U.S. Code § 19 – Vacancy in offices of both President and Vice President; officers eligible to act". LII / Legal Information Institute. Archived from the original on December 26, 2018. Retrieved February 4, 2017.
^31 U.S.C. § 301
^5 U.S.C. § 5312
^50 U.S.C. §§ 3021–Security Council National Security Council
^Cabinets and Counselors: The President and the Executive Branch (1997). Congressional Quarterly. p. 87.
^"Janet L. Yellen Sworn In As 78th Secretary of the United States Department of the Treasury" (Press release). Washington, D.C.: U.S. Department of the Treasury. January 26, 2021. Archived from the original on January 27, 2021. Retrieved January 27, 2021.
^Tappe, Anneken; Egan, Matt (January 25, 2021). "Janet Yellen is confirmed as the first female Treasury secretary in US history". CNN. Archived from the original on January 26, 2021. Retrieved January 26, 2021.
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