What is the primary role of the U.S. Treasury Department?

Its primary role is to manage federal finances, public debt, and currency, including advising the President on economic policy and enforcing financial regulations.

Who heads the U.S. Treasury Department?

The Secretary of the Treasury, a cabinet-level official appointed by the President and confirmed by the Senate, heads the department.

What is the relationship between the Treasury and the IRS?

The Internal Revenue Service (IRS) is a bureau within the U.S. Department of the Treasury, responsible for collecting taxes and enforcing tax laws.

How does the Treasury impact the national debt?

The Treasury Department is responsible for managing the national debt by issuing government bonds, notes, and bills to finance federal operations.