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Article: Treasury Department, United States
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- Encyclopedia of Espionage, Intelligence, andSecurity
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Treasury Department, United States
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MARTIN J. MANNING
The United States Department of the Treasury, the second-oldest department in the U.S. Government, was established by an Act of Congress on 2 September 1789 (I Stat. 65; 31 U.S.C. 1001). It advises Congress and the president on tax policy, acts as financial agent for the federal government, manufactures currency, and enforces tax laws. According to its establishment legislation, the Treasury Department is to "formulate, recommend, and administer domestic and international financial, economic, and tax policies, and manage the public debt." The Department serves as the principal financial agent for the United States ...