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.
The basic functions of the Department of the Treasury mainly include: 1  Producing all currency and coinage of the U.S.; 2  Collecting taxes, duties and money paid to and due to the U.S.: 3  Paying all bills of the U.S.; 4  Managing the federal finances; 5  Managing government accounts and the United States public debt;