What is the United States Treasury Department?

Answer:
The United States Treasury Department is one
of the oldest departments in the United States government, established in 1789 to manage the government’s money.  It is a Cabinet department, meaning the head of the Treasury is appointed by the President and serves in the President’s Cabinet. 


Smaller departments under the leadership of the Treasury Department include the Internal Revenue Service and the United States Mint.  U.S. Savings bonds and government-issue bonds are handled by the Bureau of the Public Debt, another smaller agency within the Treasury Department.  Anything that has to do with the government’s money, from printing new bills and coins to collecting the taxes citizens owe is handled by the United States Treasury Department.

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