Teamwork and Leadership. No man is an island, entire of itself; every man is a piece of a continent. âJohn Donne, English poet, 1572â1631. In this text, youâll explore answers to these questions:
Treasury Department. The U.S. Department of the Treasury performs four basic functions: formulating and recommending economic, financial, tax, and fiscal policies; serving as financial agent for the U.S. government; enforcing the law; and manufacturing coins and currency. The Treasury Department was created by an act of September 2, 1789 (31 U.S.C.A. Â§ 301). Many subsequent acts have affected the development of the department and created its numerous bureaus and divisions.
In the United States, the Treasurer reports to an executive-appointed Secretary of the Treasury. The IRS is the revenue agency of the US Department of the Treasury. In many other countries, the treasury is called the ministry of finance and the head is known as the finance minister.