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Treasurer Of The United States
The treasurer of the United States is an officer in the United States Department of the Treasury who serves as the custodian and trustee of the federal government's collateral assets and the supervisor of the department's currency and coinage production functions. On March 23, 2025, Donald Trump named Georgia state senator Brandon Beach—breaking a 75-year streak of women holding the position—to be the next treasurer. He was formally appointed on the 28th of May. Responsibilities By law, the treasurer is the depositary officer of the United States with regard to deposits of gold, special drawing rights, and financial gifts to the Library of Congress. The treasurer also directly oversees the Bureau of Engraving and Printing (BEP) and the United States Mint, which respectively print and mint United States dollar, U.S. currency and Coins of the United States dollar, coinage. In connection to the influence of Monetary policy of the United States, federal monetary policy on currenc ...
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Brandon Beach
Brandon Lamont Beach (born May 2, 1961) is an American politician who has served as the 46th treasurer of the United States since 2025. A member of the Republican Party (United States), Republican Party, he served as a member of the Georgia State Senate from 2013 to 2025; representing the 21st district, which includes portions of Cherokee County, Georgia, Cherokee and Fulton County, Georgia, Fulton counties. In March 2025, he was named to be the next United States treasurer, taking office in May. Early life and education Born in Louisiana on May 2, 1961, Brandon Beach has an undergraduate degree from Louisiana State University (LSU) and a Master of Business Administration (MBA) from Centenary College of Louisiana, Centenary College. He is a former member of the Alpharetta, Georgia, Alpharetta City Council and the Alpharetta Planning and Zoning Commission. As of January 2013, Brandon Beach is the president and CEO of the North Fulton Chamber of Commerce. Political career Beach ...
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Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Although an instrument of the U.S. government, the Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the president or by anyone else in the executive or legislative branches of government, it does not receive funding appropriated by Congress, and the terms of the members of the board of governors span multiple presidential and congressional terms." Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibi ...
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Hispanic And Latino Americans
Hispanic and Latino Americans are Americans who have a Spaniards, Spanish or Latin Americans, Latin American background, culture, or family origin. This demographic group includes all Americans who identify as Hispanic or Latino (demonym), Latino, regardless of Race and ethnicity in the United States census, race. According to the United States Census Bureau, U.S. Census Bureau, an estimated 65,219,145 Hispanics and Latinos were living in the United States in 2023, representing approximately 19.5% of the total Demographics of the United States, U.S. population that year, making them the Race and ethnicity in the United States, second-largest group after the Non-Hispanic whites, non-Hispanic White population. "Origin" can be viewed as the ancestry, nationality group, lineage or country of birth of the person or the person's parents or ancestors before their arrival in the United States of America. People who identify as Hispanic or Latino may be of any race, because similarly ...
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Georgia Neese Clark Gray
Georgia Neese Clark Gray (January 27, 1898 – October 26, 1995) was an American actress and banker who served as the 29th treasurer of the United States from 1949 to 1953, and was the first woman to hold that office. Early life Georgia Neese was born in Richland, Kansas, the daughter of Albert Neese, a farmer and businessman, and Ella Sullivan Neese, a stay-at-home mother. Her father, a self-made man, had prospered in the years before her birth and become the town's leading citizen, owning much of its property as well as the bank and general store. The family owned homes in Richland and in nearby Topeka where Neese attended high school graduating in 1917. Neese was a Presbyterian but she briefly attended Bethany College, an Episcopalian school for women in Topeka, before transferring to Washburn University. Neese majored in economics at Washburn and was a member of several student organizations. She was president of the drama club and a member of the ''Upsilon chapter'' of Alph ...
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GovInfo
GovInfo is an official website of the United States government that houses U.S. government information. GovInfo replaces the Federal Digital System (FDsys), which in turn replaces GPOAccess, an information storage system to house electronic government documents with a modern information management system. GovInfo.gov authenticates, preserves and provides permanent public access to federal government documents. The system automates the collection, management and dissemination of electronic information from all three branches of the federal government. The goal is to have a complete historical record of all federal government documents from the founding of the United States to the present. In 2009, GovInfo's predecessor FDsys was named by ''Government Computer News'' as one of the best government Web sites. The American Recovery and Reinvestment Act of 2009 (the Stimulus Package) and President Obama's first budget were made available within the first few months of the launch of ...
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United States Senate
The United States Senate is a chamber of the Bicameralism, bicameral United States Congress; it is the upper house, with the United States House of Representatives, U.S. House of Representatives being the lower house. Together, the Senate and House have the authority under Article One of the United States Constitution, Article One of the Constitution of the United States, U.S. Constitution to pass or defeat federal legislation. The Senate also has exclusive power to confirm President of the United States, U.S. presidential appointments, to approve or reject treaties, and to convict or exonerate Impeachment in the United States, impeachment cases brought by the House. The Senate and the House provide a Separation of powers under the United States Constitution, check and balance on the powers of the Federal government of the United States#Executive branch, executive and Federal judiciary of the United States, judicial branches of government. The composition and powers of the Se ...
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Bureau Of The Fiscal Service
The Bureau of the Fiscal Service (Fiscal Service) is part of the U.S. Department of the Treasury. The Bureau consolidates the activities of the previous Bureau of the Public Debt and the Financial Management Service, under the Office of Fiscal Service. It manages the government's accounting, central payment systems, and public debt; it serves essentially as the United States Government's checking account and the payment rail for every federal agency. The Bureau acts as the federal government's agent as it interfaces with the various agencies. It also operates the TreasuryDirect website for purchasing Treasury securities. The Bureau also manages the daily auctions of Treasury Securities, which provide the cash necessary to fund all activities of the United States Government. History The Fiscal Service's roots begin under the Roosevelt administration, beginning in 1939 as a consolidation of all Treasury financing activities into a "Fiscal Service." The Bureau's activi ...
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Cash Management
Cash management refers to a broad area of finance involving the collection, handling, and usage of cash. It involves assessing market liquidity, cash flow, and investments. In banking, cash management, or treasury management, is a marketing term for certain services related to cash flow offered primarily to larger business customers. It may be used to describe all bank accounts (such as checking accounts) provided to businesses of a certain size, but it is more often used to describe specific services such as cash concentration, zero balance accounting, and clearing house facilities. Sometimes, private banking customers are given cash management services. Financial instruments involved in cash management include money market funds, treasury bills, and certificates of deposit. Common services The following is a list of services generally offered by banks and utilized by larger businesses and corporations: ;Account reconciliation: Bank reconciliation can be difficult for a ...
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State Treasurer
In the state and territorial governments of the United States, 54 of the 56 states and territories have the executive position of treasurer. New York abolished the office of New York State Treasurer in 1926, in which the duties were transferred to the New York State Comptroller. Texas abolished the position of Texas State Treasurer in 1996, transferring the duties of that office to the Texas Comptroller of Public Accounts. The state treasurer serves as the chief custodian of each state's treasury and as the state's head banker. Typically, they receive and deposit state monies, manages investments, and keeps track of budget surpluses and deficits. The position has powers and responsibilities similar to those of the United States Secretary of the Treasury and the Treasurer of the United States, or the chief financial officer of a corporation. Current state treasurers or equivalents In most states, the position is a statewide elected office, usually a constitutional office ( ...
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United States Constitution
The Constitution of the United States is the Supremacy Clause, supreme law of the United States, United States of America. It superseded the Articles of Confederation, the nation's first constitution, on March 4, 1789. Originally including seven articles, the Constitution delineates the frame of the Federal government of the United States, federal government. The Constitution's first three articles embody the doctrine of the separation of powers, in which the federal government is divided into three branches: the United States Congress, legislative, consisting of the bicameralism, bicameral Congress (Article One of the United States Constitution, Article I); the Federal government of the United States#Executive branch, executive, consisting of the President of the United States, president and subordinate officers (Article Two of the United States Constitution, Article II); and the Federal judiciary of the United States, judicial, consisting of the Supreme Court of the Unit ...
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George Clymer
George Clymer (March 16, 1739January 23, 1813) was an American politician, abolitionist and Founding Father of the United States, one of only six founders who signed both the Declaration of Independence and U.S. Constitution. Clymer was among the earliest patriots to advocate for complete independence from Britain. He attended the Continental Congress and served in political office until the end of his life. He was a Framer of the Constitution where he attempted unsuccessfully to regulate the importation of slaves. Clymer was himself a minor slave owner, at least briefly when seven years old through inheritance. Early life and family Clymer was born in Philadelphia in the Province of Pennsylvania on March 16, 1739. Orphaned when only a year old, he was apprenticed to his maternal aunt and uncle, Hannah and William Coleman, to prepare to become a merchant. He married Elizabeth Meredith on March 22, 1765. In a letter written by Clymer to the rector of Christ Church, the Re ...
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Financial Costs Of The American Revolutionary War
The American Revolutionary War inflicted great financial costs on all of the combatants, including the United States, France, Spain and the Kingdom of Great Britain. France and Great Britain spent 1.3 billion '' livres'' and 250 million pounds, respectively. The United States spent $400 million in wages for its troops. Spain increased its military spending from 454 million '' reales'' in 1778 to over 700 million ''reales'' in 1781. Economic warfare and financing Initial boycotts Tensions between Great Britain and the Thirteen Colonies began over rights and taxation. Regulations from the crown were met with fierce opposition from the colonists. After lobbies and petitions proved ineffective, the colonists turned to boycotting imported English goods. Boycotting proved to be successful in crippling British trade. After the first colonial boycott in 1765, Parliament overturned the Sugar and Stamp Acts, and after a second boycott in 1768 Parliament overturned all of the Townsh ...
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