Why is the department of the treasury important?
The U.S. Department of Treasury is an executive agency responsible for a variety of activities related to economic and financial systems. Its importance relates to its influence in the executive branch on policy issues, its management of federal funds and its enforcement authority in the United States and abroad.Advising the PresidentThe Department of the Treasury serves a critical advising role to the President of the United States on a range of economic and financial issues, including monetary, trade and tax policies, according to the department’s website.Coin and CurrencyThe Department of Treasury plays an essential role through its production of coin and currency. It controls the supply of new coin and currency into the financial system.Revenue CollectionThe Department of Treasury manages the federal finances, including collecting revenues, managing public debt and paying the bills of the United States domestically and internationally. Revenue collection includes collecting taxes a
