Thursday, August 13, 2020

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

Featured

New Zealand reimposed lockdown in Auckland after first local Coronavirus case in 102 days

New Zealand announced on Tuesday that it would close its largest city, Auckland, after discovering four new cases of...

United Nations: Floods affect 38 million people in China and 1.4 million in Bangladesh

Stephen Dujarric, a spokesman for the United Nations Secretary-General, said that the floods are still affecting many countries in...

Biden says his economic plan will create 5 million US jobs

US Democratic presidential candidate Joe Biden on Thursday pledged to spend $700 billion on US-made products and industrial research,...
Mehboob Ali Shaikh
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

Mehboob Ali Shaikh
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.

Latest News

Mastercard partners Faysal Bank to expand digital payments in Pakistan

Mastercard has expanded on its existing strong partnership with Faysal Bank through an agreement that will further support the...

New Zealand reimposed lockdown in Auckland after first local Coronavirus case in 102 days

New Zealand announced on Tuesday that it would close its largest city, Auckland, after discovering four new cases of Covid-19 in the city, the...

Record Increase In Export Of Fruits & Vegetables Despite Coronavirus Global Pandemic

Pakistan has registered record enhancement in export of fruits & vegetables despite coronavirus global pandemic. The Financial year 2019-20 has witnessed an overall increase...

K-Electric successfully closes PKR 25 Billion Sukuk, the largest ever Sukuk issue in Pakistan’s private sector!

August 10th, 2020: K-Electric (KE) is pleased to announce the successful closure of its PKR 25 billion Sukuk which is the largest Sukuk issue...

No Electrocutions Due To Ke Infrastructure

In a statement issued in local press, K-Electric expressed grief over the electrocution incidents reported through local media from Karachi during the recent monsoon...

Related News