Friday, December 3, 2021

On this day in 1789, the US Treasury Department was established to manage government revenues


Mehboob Ali Shaikh
Mehboob Ali Shaikh is the Bureau Chief of World News Observer. Based in Canada, working with Toronto 360 TV. Mehboob has accomplished Years of experience in print and broadcast media. He is an active participant in Social media strategies, including Facebook, Twitter and Skype.

On this day in 1789, the US Treasury Department was established by a congressional resolution to manage government revenues, which in its definition is an executive division responsible for the US federal government’s treasury.

The US Treasury Department is administered by the Federal Secretary, who is a member of the Cabinet. The first Treasury Secretary was Alexander Hamilton, who was sworn in on September 11, 1789.

It is noteworthy that, Alexander Hamilton is the second candidate for the position where he chose President George Washington, Robert Morris, but refused and recommended Hamilton as an alternative.

His image is now placed on the 10-dollar note, while the Treasury is on the other side of the coin.

Read also: US Treasury Secretary urges Congress to raise public debt ceiling

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