CINXE.COM

Economic Policy | U.S. Department of the Treasury

<!DOCTYPE html> <!-- __ __ ____ ______ _________________ .====/ /=/ /=/ __/===/_ __/==================================/######__________/ .== / / / / \ \ / / _______ ___ ___ __ ________ __ /######__________/ .== / /_/ / __\ \ / / / __/ -_) _ \(_--/ // / __/ // / /######__________/ .== \____/ /____/ /_/ /_/ \__/\_/_/___/\___/_/ \_ / /________________/ =====================================================__/ /===/________________/ /___/ --> <html lang="en" dir="ltr" prefix="content: http://purl.org/rss/1.0/modules/content/ dc: http://purl.org/dc/terms/ foaf: http://xmlns.com/foaf/0.1/ og: http://ogp.me/ns# rdfs: http://www.w3.org/2000/01/rdf-schema# schema: http://schema.org/ sioc: http://rdfs.org/sioc/ns# sioct: http://rdfs.org/sioc/types# skos: http://www.w3.org/2004/02/skos/core# xsd: http://www.w3.org/2001/XMLSchema# "> <head> <meta charset="utf-8" /> <script async src="https://www.googletagmanager.com/gtag/js?id=G-QTKLZK8R7K"></script> <script>window.dataLayer = window.dataLayer || [];function gtag(){dataLayer.push(arguments)};gtag("js", new Date());gtag("set", "developer_id.dMDhkMT", true);gtag("config", "G-QTKLZK8R7K", {"groups":"default","page_placeholder":"PLACEHOLDER_page_location","allow_ad_personalization_signals":false});gtag("config", "UA-19138737-19", {"groups":"default","anonymize_ip":true,"page_placeholder":"PLACEHOLDER_page_path","allow_ad_personalization_signals":false});</script> <link rel="canonical" href="https://home.treasury.gov/about/offices/economic-policy" /> <meta property="og:site_name" content="U.S. Department of the Treasury" /> <meta property="og:type" content="article" /> <meta property="og:url" content="https://home.treasury.gov/about/offices/economic-policy" /> <meta property="og:title" content="Economic Policy" /> <meta property="og:description" content="MissionThe Office of Economic Policy is responsible for analyzing and reporting on current and prospective economic developments in the U.S. and world economies and assisting in the determination of appropriate economic policies. The Assistant Secretary for Economic Policy reports directly to the Secretary of the Treasury and is responsible to them for the review and analysis of both domestic and international economic issues and developments in the financial markets.The Office participates, along with the Council of Economic Advisers and the Office of Management and Budget, in the preparation of the Administration&#039;s budget. Economic Policy supports the Secretary of the Treasury in their roles as Chairman and Managing Trustee of the Social Security and Medicare Boards of Trustees. The Office conducts research to assist in the formulation and articulation of public policies and positions of the Treasury Department on a wide range of microeconomic issues. Recent examples include terror risk insurance, financial disclosure and auditing, stock options, parallel imports, health insurance, retirement income security, and long-term care.OrganizationAssistant Secretary – VacantFront OfficeAnnelise Britten,  Senior Policy AdvisorSam Boocker, Senior Policy AdvisorHolly Posin, Resource ManagerAeisha LeGrande, Senior Executive AssistantDarlene Braxton, Administrative SpecialistOffice of Financial AnalysisJames Girola, DirectorHanjo (Terry) Kim, Financial EconomistOffice of Climate and Energy EconomicsDeputy Assistant Secretary – VacantOffice of Macroeconomic AnalysisChris Varvares, Deputy Assistant SecretarySamuel Brown, DirectorLani Alichi, EconomistKathleen Byrne, Senior EconomistEthan Feilich, EconomistRobert Jackman, EconomistAndrew Martinez, EconomistEdward Olivares, EconomistAlexander Schibuola, Senior EconomistDyanne Vaught, EconomistOffice of Microeconomic AnalysisLaura Feiveson, Deputy Assistant SecretaryChristopher Soares, DirectorKarl Dunkle Werner, EconomistTheodore Figinski, Senior EconomistSteven Johnson, EconomistSydney Keenan, Research AnalystSarah Kroeger, EconomistElizabeth Sawyer, Economic Policy AnalystMatthijs Schendstok, EconomistNeal Stolleman, Senior EconomistHilary Waldron, Senior EconomistSydney Schreiner Wertz, EconomistSocial Impact Partnerships to Pay for Results Act (SIPPRA) ProgramMatthew Cook, Director William Girardo, Grants Management SpecialistHistoryThe primary mission of the Office of the Assistant Secretary for Economic Policy is to support the Secretary of the Treasury as the principal economic official in the government. The Office utilizes economic analysis and evaluates current economic data to assist in the determination of appropriate economic policies.The Office of Financial Analysis, the precursor to the Office of Economic Policy, was established in late 1961 to advise the Secretary on a broad range of economic problems. Its first director was Paul Volcker (1962-1963). Under his leadership the Office undertook research projects and analyzed current developments in the economy. This Office formed the basis of the new Office of the Assistant Secretary for Economic Policy which was established on April 1, 1969. Dr. Murray Weidenbaum, the first Assistant Secretary, was sworn in on June 23, 1969.Since the early 1970s, the Assistant Secretary for Economic Policy has served on the Troika, the unofficial name of the interagency group comprised of Treasury, the Council of Economic Advisors, and the Office of Management and Budget, that develops official economic assumptions for the President’s budget. In addition, the Assistant Secretary advises the Secretary on the economic effects of tax and budget policy.Since the late 1970s, the Office of Economic Policy has provided the principal support to the Secretary of the Treasury in his roles as Chairman and Managing Trustee of the Social Security and Medicare Boards of Trustees. The Secretary, along with the other Trustees, sets the short-range and long-range economic and demographic assumptions used in determining the financial status of the Social Security and Medicare programs as reported annually to Congress.In both the late 1970s and mid-1990s, the Office of Economic Policy was an important participant in the interagency groups working on health care reforms initiated by the White House. Between 1990 and 1998, the Assistant Secretary for Economic Policy had major responsibility for the analysis and collection of Treasury’s statistics on international capital movements.  The Assistant Secretary continues to analyze international economic issues as they relate to the domestic economy.One of the responsibilities of the new Office in the early 1970s was to put together the Revenue Sharing Program whereby a portion of federal tax dollars and decision-making power were shifted back to state and local governments. Since 1987, when Revenue Sharing was disbanded, the Office of Economic Policy has continued to study state and local finance issues and produces the index of Total Taxable Resources used in certain allocations among states of federal funds for Medicaid.Today, the Office of the Assistant Secretary for Economic Policy carries out its functions under the direction of an Assistant Secretary. Staff economists in two offices, the Office of Macroeconomic Analysis and the Office of Microeconomic Analysis, provide the economic analysis and often collaborate with other policy offices in Treasury, including the Office of Tax Policy, the Office of Domestic Finance, and the Office of International Affairs, on a wide variety of policy issues. The Office also works with other cabinet departments and government agencies in the development of policy.The Office of Macroeconomic Analysis routinely monitors U.S. economic data as they are released and provides the Secretary of the Treasury and other officials with daily updates and analysis of important economic statistics. In addition, the Office of Macroeconomic Analysis regularly provides in-depth analyses of major trends and developments in the U.S. economy. It also produces a suite of yield curve data sets that are made available to the public each month, including the HQM corporate bond yield curve (as mandated by the Pension Protection Act of 2006), the TNC yield curve for Treasury nominal notes and bonds, the TRC TIPS yield curve, and the TBI breakeven inflation yield curve.The Office of Microeconomic Analysis conducts research to assist in the formulation of Treasury’s policies on a wide range of issues. Staff economists also represent the Treasury in interagency groups studying a variety of issues, including Social Security, environmental, energy, housing, infrastructure, and labor force and education policies. The Office of Microeconomic Analysis is currently responsible for implementing the Social Impact Partnerships to Pay for Results Act (SIPPRA), which will reward states and localities for successfully addressing entrenched social problems.Economists also monitor certain sectors of the economy; work to improve the presentation of governmental financial statements; and perform research and analysis on policy issues in financial markets.Assistant Secretaries for Economic PolicyMurray L. Weidenbaum – June 23, 1969 to August 13, 1971  Edgar R. Fiedler – December 12, 1971 to July 16, 1975  Sidney L. Jones – July 17, 1975 to January 20, 1977  Daniel H. Brill – May 16, 1977 to September 30, 1979  Curtis A. Hessler – April 4, 1980 to January 20, 1981  Paul Craig Roberts – March 13, 1981 to February 1, 1982  Manuel H. Johnson – December 10, 1982 to February 7, 1986  Michael R. Darby – July 14, 1986 to May 22, 1989  Sidney L. Jones – October 31, 1989 to January 11, 1993  Alicia H. Munnell – May 20, 1993 to December 22, 1995  Joshua Gotbaum – December 24, 1995 to June 28, 1997  David W. Wilcox – November 6, 1997 to January 19, 2001  Richard H. Clarida – February 7, 2002 to May 16, 2003  Mark J. Warshawsky – March 18, 2004 to July 28, 2006  Phillip L. Swagel – December 11, 2006 to January 20, 2009  Alan B. Krueger – May 7, 2009 to November 4, 2010  Janice C. Eberly – October 21, 2011 to April 30, 2013  Karen E. Dynan – June 30, 2014 to January 20, 2017  Michael Faulkender – August 1, 2019 to January 20, 2021 Benjamin Harris – November 15, 2021 to March 30, 2023Deputy Assistant Secretaries for Economic PolicyBeatrice N. Vaccara (Domestic Economic Analysis) – June 1977 – November 1977               (Domestic Economic Policy) – November 1977 – September 1979              (Economic Policy) – September 1979 – January 1980  Roger E. Shields (International Economic Analysis) – July 1977 – November 1977  John R. Karlik (International Economic Analysis) – December 1977 – January 1980  Richard F. Syron (Economic Policy) – January 1980 – January 1981  Stephen J. Entin (Economic Policy) – March 1981 – December 1981              (Economic Forecasting) – December 1981 – August 1988  Manuel H. Johnson (Economic Policy) – April 1981 – December 1982  Jacob S. Dreyer (Acting) (Policy Coordination) – December 1982 – February 1984  Dallas Sanford Batten (Policy Coordination) – June 1987 – September 1988  Bruce R. Bartlett (Policy Analysis) – September 1988 – October 1992  Robert F. Gillingham (Policy Coordination) – October 1989 – May 1998  Marina L. Weiss (Health Policy) – April 1993 – January 1995  James Bradford De Long (Policy Analysis) – June 1993 – November 1993              (Macroeconomic Analysis) – November 1993 – May 1995  Glen Rosselli (Policy Analysis) – March 1995 – May 1997  Daniel E. Sichel (Macroeconomic Analysis) – June 1995 – May 1996  Louise Sheiner (Acting) (Macroeconomic Analysis) – June 1996 – December 1996  Jonathan Gruber (Policy Analysis) – May 1997 – June 1998  Lynda de la Viña (Policy Coordination) – July 1998 – January 2001  Robert E. Cumby (Macroeconomic Analysis) – July 1998 – January 2001  Mark McClellan (Microeconomic Analysis) – July 1998 – January 2000  Douglas W. Elmendorf (Microeconomic Analysis) – June 2000 – January 2001  Kent Smetters (Policy Coordination) – June 2001 – October 2002  Mark J. Warshawsky (Microeconomic Analysis) – January 2002 – March 2004  James E. Carter (Policy Coordination) – November 2002 – May 2006  Robert Stein (Macroeconomic Analysis) – January 2004 – December 1, 2006  Nada Eissa (Microeconomic Analysis) – August 2005 – July 5, 2007  Christine McDaniel (Policy Coordination) – March 5, 2007 – January 3, 2009  Jeremy Rudd (Macroeconomic Analysis) – May 15, 2007 – May 12, 2008  Christine Dobridge (Macroeconomic Analysis – May 19, 2007 – January 20, 2009  Ted Gayer (Microeconomic Analysis) – July 6, 2007 – July 3, 2008  Aaron Klein (Policy Coordination) – April 27, 2009 – September 15, 2012  Ilyana Kuziemko (Microeconomic Analysis) – June 2009 – May 2010  Jeremy Rudd (Macroeconomic Analysis) – July 6, 2009 – July 3, 2010  John Shea (Macroeconomic Analysis) – July 6, 2010 – July 8, 2011  John Bellows (Microeconomic Analysis – October 10, 2010              (Acting Assistant Secretary –November 2010 – September 2011)  Stephanie Aaronson (Macroeconomic Analysis) – July 25, 2011 –July 27, 2012  Stephen Shore (Microeconomic Analysis) – August 16, 2011 – June 29, 2012  Alexander Gelber (Microeconomic Analysis) – June 18, 2012 – June 30, 2013  David Arseneau (Macroeconomic Analysis) – September 4, 2012 – June 21, 2013  Elaine Buckberg (Policy Coordination) – March 25, 2013 – January 1, 2016  Wesley Yin (Microeconomic Analysis) – June 26, 2013 – January 3, 2014  Seth Carpenter (Macroeconomic Analysis) – July 1, 2013 – July 18, 2014  Gerald Cohen (Macroeconomic Analysis) – July 21, 2014 – January 20, 2017  Jennifer Hunt (Microeconomic Analysis) -- March 17, 2014 -- June 30, 2015  Tara Watson (Microeconomic Analysis) -- August 17, 2015 – November 18, 2016  Jane Dokko (Financial Economics) – January 27, 2016 – January 20, 2017  Diana Furchtgott-Roth (Macroeconomic Analysis) – July 23, 2018 - February 22, 2019  Neil Mehrotra (Macroeconomic Analysis) – February 22, 2021 - October 14, 2022  Catherine Wolfram (Climate and Energy Economics) – March 31, 2021 - October 14, 2022Tara Sinclair (Macroeconomic Analysis) – October 3, 2022 – June 7, 2024  Arik Levinson (Climate and Energy Economics) – October 24, 2022 – May 31,2024 " /> <meta property="og:image" content="https://home.treasury.gov/system/files/291/treasury-preview-1900x950.jpg" /> <meta property="og:image:type" content="image/jpeg" /> <meta property="og:image:width" content="1900px" /> <meta property="og:image:height" content="950px" /> <meta property="og:image:alt" content="U.S. Department of the Treasury" /> <meta property="og:updated_time" content="2025-01-20" /> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:site" content="@USTreasury" /> <meta name="twitter:title" content="Economic Policy" /> <meta name="twitter:image" content="https://home.treasury.gov/system/files/291/treasury-preview-1080x1080.jpg" /> <meta name="twitter:image:alt" content="U.S. Department of the Treasury" /> <meta name="twitter:image:height" content="1080" /> <meta name="twitter:image:width" content="1080" /> <meta name="Generator" content="Drupal 10 (https://www.drupal.org)" /> <meta name="MobileOptimized" content="width" /> <meta name="HandheldFriendly" content="true" /> <meta name="viewport" content="width=device-width, initial-scale=1.0" /> <link rel="icon" href="/sites/default/files/favicon_1.png" type="image/png" /> <title>Economic Policy | U.S. Department of the Treasury</title> <link rel="stylesheet" media="all" href="/sites/default/files/css/css_dsInV-UEmcJ4wIL3OR-8LSiVXv19HNL47gND7TP8vfo.css?delta=0&amp;language=en&amp;theme=hamilton&amp;include=eJxtyFEKAyEMRdENhWZJQ9RHK0Qz-HQGu_qWfpcL5-Nyc6JpMkIW70ItY53mkt3IrQ2kPUHJMaA9RjOvb8jLWvUZXb0mmQPGNfZRbH5LDuqfJ2471jxKZY4LY2t05HC5Km7qz0eLshwfsfA76g" /> <link rel="stylesheet" media="all" href="/sites/default/files/css/css_Vt8tO3jkZYUZQnUuqgfPK-YXOV2vbIIwqFSD8_X8j4A.css?delta=1&amp;language=en&amp;theme=hamilton&amp;include=eJxtyFEKAyEMRdENhWZJQ9RHK0Qz-HQGu_qWfpcL5-Nyc6JpMkIW70ItY53mkt3IrQ2kPUHJMaA9RjOvb8jLWvUZXb0mmQPGNfZRbH5LDuqfJ2471jxKZY4LY2t05HC5Km7qz0eLshwfsfA76g" /> <link rel="stylesheet" media="all" href="//fonts.googleapis.com/css?family=Merriweather:400,700,300" /> <link rel="stylesheet" media="all" href="//fonts.googleapis.com/css?family=Source+Sans+Pro:300,400,600,700" /> <link rel="stylesheet" media="all" href="//fonts.googleapis.com/css?family=Open+Sans:400,700,300" /> <link rel="stylesheet" media="all" href="//fonts.googleapis.com/css?family=Signika:400,700" /> <script type="application/json" data-drupal-selector="drupal-settings-json">{"path":{"baseUrl":"\/","pathPrefix":"","currentPath":"node\/12531","currentPathIsAdmin":false,"isFront":false,"currentLanguage":"en"},"pluralDelimiter":"\u0003","suppressDeprecationErrors":true,"google_analytics":{"account":"G-QTKLZK8R7K","trackOutbound":true,"trackMailto":true,"trackTel":true,"trackDownload":true,"trackDownloadExtensions":"7z|aac|arc|arj|asf|asx|avi|bin|csv|doc(x|m)?|dot(x|m)?|exe|flv|gif|gz|gzip|hqx|jar|jpe?g|js|mp(2|3|4|e?g)|mov(ie)?|msi|msp|pdf|phps|png|ppt(x|m)?|pot(x|m)?|pps(x|m)?|ppam|sld(x|m)?|thmx|qtm?|ra(m|r)?|sea|sit|tar|tgz|torrent|txt|wav|wma|wmv|wpd|xls(x|m|b)?|xlt(x|m)|xlam|xml|z|zip"},"ajax":[],"user":{"uid":0,"permissionsHash":"6051acb50c31ddaf93a204f1d99514ab1c76d59af8cefc6aeb979b3346268659"}}</script> <script src="/sites/default/files/js/js_kdQ-Al657TDRjoul6xe0KbdohS6xzMddNxSEULP-ms8.js?scope=header&amp;delta=0&amp;language=en&amp;theme=hamilton&amp;include=eJx1j1EOwyAMQy9EmyOhFAJlAqKR0Km3H_sp0ropUmQ_-8eBq-KLhAtBmHqVI5rwP1tlT8VE5pjJYsV8anIC38DsWFJWrpDTZrQRSm-nddwIHs9OQ3tUCtwK6swHG7dlEvjBZq9QxPFqhzuaLUlKV2H5ONMlkI982NuCzOiXyy7O1zck6HRa"></script> <script src="https://use.fontawesome.com/releases/v5.13.1/js/all.js" defer crossorigin="anonymous"></script> <script src="https://use.fontawesome.com/releases/v5.13.1/js/v4-shims.js" defer crossorigin="anonymous"></script> <script src="/sites/default/files/js/js_RPdQGFqYr5nhqHYLJ_TU24zxcumUJGyXe9UIKyh8dKs.js?scope=header&amp;delta=3&amp;language=en&amp;theme=hamilton&amp;include=eJx1j1EOwyAMQy9EmyOhFAJlAqKR0Km3H_sp0ropUmQ_-8eBq-KLhAtBmHqVI5rwP1tlT8VE5pjJYsV8anIC38DsWFJWrpDTZrQRSm-nddwIHs9OQ3tUCtwK6swHG7dlEvjBZq9QxPFqhzuaLUlKV2H5ONMlkI982NuCzOiXyy7O1zck6HRa"></script> <script>!function(e){var n="https://s.go-mpulse.net/boomerang/";if("False"=="True")e.BOOMR_config=e.BOOMR_config||{},e.BOOMR_config.PageParams=e.BOOMR_config.PageParams||{},e.BOOMR_config.PageParams.pci=!0,n="https://s2.go-mpulse.net/boomerang/";if(window.BOOMR_API_key="M33KD-YMV8Y-625W4-V96WF-R28AJ",function(){function e(){if(!o){var e=document.createElement("script");e.id="boomr-scr-as",e.src=window.BOOMR.url,e.async=!0,i.parentNode.appendChild(e),o=!0}}function t(e){o=!0;var n,t,a,r,d=document,O=window;if(window.BOOMR.snippetMethod=e?"if":"i",t=function(e,n){var t=d.createElement("script");t.id=n||"boomr-if-as",t.src=window.BOOMR.url,BOOMR_lstart=(new Date).getTime(),e=e||d.body,e.appendChild(t)},!window.addEventListener&&window.attachEvent&&navigator.userAgent.match(/MSIE [67]\./))return window.BOOMR.snippetMethod="s",void t(i.parentNode,"boomr-async");a=document.createElement("IFRAME"),a.src="about:blank",a.title="",a.role="presentation",a.loading="eager",r=(a.frameElement||a).style,r.width=0,r.height=0,r.border=0,r.display="none",i.parentNode.appendChild(a);try{O=a.contentWindow,d=O.document.open()}catch(_){n=document.domain,a.src="javascript:var d=document.open();d.domain='"+n+"';void(0);",O=a.contentWindow,d=O.document.open()}if(n)d._boomrl=function(){this.domain=n,t()},d.write("<bo"+"dy onload='document._boomrl();'>");else if(O._boomrl=function(){t()},O.addEventListener)O.addEventListener("load",O._boomrl,!1);else if(O.attachEvent)O.attachEvent("onload",O._boomrl);d.close()}function a(e){window.BOOMR_onload=e&&e.timeStamp||(new Date).getTime()}if(!window.BOOMR||!window.BOOMR.version&&!window.BOOMR.snippetExecuted){window.BOOMR=window.BOOMR||{},window.BOOMR.snippetStart=(new Date).getTime(),window.BOOMR.snippetExecuted=!0,window.BOOMR.snippetVersion=12,window.BOOMR.url=n+"M33KD-YMV8Y-625W4-V96WF-R28AJ";var i=document.currentScript||document.getElementsByTagName("script")[0],o=!1,r=document.createElement("link");if(r.relList&&"function"==typeof r.relList.supports&&r.relList.supports("preload")&&"as"in r)window.BOOMR.snippetMethod="p",r.href=window.BOOMR.url,r.rel="preload",r.as="script",r.addEventListener("load",e),r.addEventListener("error",function(){t(!0)}),setTimeout(function(){if(!o)t(!0)},3e3),BOOMR_lstart=(new Date).getTime(),i.parentNode.appendChild(r);else t(!1);if(window.addEventListener)window.addEventListener("load",a,!1);else if(window.attachEvent)window.attachEvent("onload",a)}}(),"".length>0)if(e&&"performance"in e&&e.performance&&"function"==typeof e.performance.setResourceTimingBufferSize)e.performance.setResourceTimingBufferSize();!function(){if(BOOMR=e.BOOMR||{},BOOMR.plugins=BOOMR.plugins||{},!BOOMR.plugins.AK){var n=""=="true"?1:0,t="",a="bdpnbetacfqa4z5tfigq-f-38061da97-clientnsv4-s.akamaihd.net",i="false"=="true"?2:1,o={"ak.v":"39","ak.cp":"590367","ak.ai":parseInt("384319",10),"ak.ol":"0","ak.cr":1,"ak.ipv":4,"ak.proto":"http/1.1","ak.rid":"76987cca","ak.r":44778,"ak.a2":n,"ak.m":"","ak.n":"essl","ak.bpcip":"8.222.208.0","ak.cport":60990,"ak.gh":"23.75.21.6","ak.quicv":"","ak.tlsv":"tls1.2","ak.0rtt":"","ak.0rtt.ed":"","ak.csrc":"-","ak.acc":"reno","ak.t":"1739794957","ak.ak":"hOBiQwZUYzCg5VSAfCLimQ==aMvz6EXFjfk1UU//yELN+eT5bfdEPOM1Wf+O3M57x4oyqanNIKyLnNyC7AeEvD5FNnKrqARrtyt6TLtn5puXQONY0JrElfCxG+2y+N3HnhqGANKP5P0ki+0n04pRwuNmIxrppHNCC2MVEDJExaIlTkV8qCa9f4hJsSt0SnJnLlny40vRPB4aL/C5shPnbOeHHmIW1A2RTDL8SHSuQJ0VJrl/NyTqpIanqgWHlTe9WYzbubpauN69tgaNwESEo93YtgX7G7FFdj1JhnfL0EguSPkIrxH3PJy0fODaeZyopTaiiNa7yIPAGVBlpUzRCRToIJqbCubXRux7J+KRkp3QHD5MM3kHFvyKwHOohqwlPg6tuBkyrKfjSp1bCOG6E0HFvg/PFZm1hmPxfbJSZUN1Nb5T50F2TuVwBAmdSH4nJ8w=","ak.pv":"145","ak.dpoabenc":"","ak.tf":i};if(""!==t)o["ak.ruds"]=t;var r={i:!1,av:function(n){var t="http.initiator";if(n&&(!n[t]||"spa_hard"===n[t]))o["ak.feo"]=void 0!==e.aFeoApplied?1:0,BOOMR.addVar(o)},rv:function(){var e=["ak.bpcip","ak.cport","ak.cr","ak.csrc","ak.gh","ak.ipv","ak.m","ak.n","ak.ol","ak.proto","ak.quicv","ak.tlsv","ak.0rtt","ak.0rtt.ed","ak.r","ak.acc","ak.t","ak.tf"];BOOMR.removeVar(e)}};BOOMR.plugins.AK={akVars:o,akDNSPreFetchDomain:a,init:function(){if(!r.i){var e=BOOMR.subscribe;e("before_beacon",r.av,null,null),e("onbeacon",r.rv,null,null),r.i=!0}return this},is_complete:function(){return!0}}}}()}(window);</script></head> <body class="body-sidebars-both path--node span-classfield-field--name-title-field--type-string-field--label-hiddeneconomic-policy-span"> <a class="visually-hidden focusable skip-link" href="#main-content"> Skip to main content </a> <div class="dialog-off-canvas-main-canvas" data-off-canvas-main-canvas> <div id="pg__c"> <!-- ______________________ BRANDING _______________________ --> <header id="branding"> <div class="mq--t"> </div> </header> <!-- /branding --> <!-- ______________________ USA HEADER _______________________ --> <section class="usa-banner" aria-label="Official website of the United States government"> <div class="usa-accordion"> <header class="usa-banner__header"> <div class="usa-banner__inner mq--t"> <div class="grid-col-auto"> <img class="usa-banner__header-flag" src="/libraries/uswds/src/img/us_flag_small.png" alt="U.S. flag"> </div> <div class="grid-col-fill tablet:grid-col-auto" aria-hidden="true"> <p class="usa-banner__header-text">An official website of the United States government</p> <p class="usa-banner__header-action">Here’s how you know</p> </div> <button class="usa-accordion__button usa-banner__button" aria-expanded="false" aria-controls="gov-banner"> <span class="usa-banner__button-text">Here’s how you know</span> </button> </div> </header> <div class="usa-banner__content usa-accordion__content" id="gov-banner" hidden> <div class="grid-row grid-gap-lg"> <div class="usa-banner__guidance tablet:grid-col-6"> <img class="usa-banner__icon usa-media-block__img" src="/libraries/uswds/src/img/icon-dot-gov.svg" role="img" alt="Dot gov"> <div class="usa-media-block__body"> <p> <strong> Official websites use .gov </strong> <br/> A <strong>.gov</strong> website belongs to an official government organization in the United States. </p> </div> </div> <div class="usa-banner__guidance tablet:grid-col-6"> <img class="usa-banner__icon usa-media-block__img" src="/libraries/uswds/src/img/icon-https.svg" role="img" alt="Https"> <div class="usa-media-block__body"> <p> <strong> Secure .gov websites use HTTPS </strong> <br/> A <strong>lock</strong> (<span class="icon-lock"><svg xmlns="http://www.w3.org/2000/svg" width="52" height="64" viewBox="0 0 52 64" class="usa-banner__lock-image" role="img" aria-labelledby="banner-lock-title banner-lock-description"><title id="banner-lock-title">Lock</title><desc id="banner-lock-description">A locked padlock</desc><path fill="#000000" fill-rule="evenodd" d="M26 0c10.493 0 19 8.507 19 19v9h3a4 4 0 0 1 4 4v28a4 4 0 0 1-4 4H4a4 4 0 0 1-4-4V32a4 4 0 0 1 4-4h3v-9C7 8.507 15.507 0 26 0zm0 8c-5.979 0-10.843 4.77-10.996 10.712L15 19v9h22v-9c0-6.075-4.925-11-11-11z"/></svg></span>) or <strong>https://</strong> means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. </p> </div> </div> </div> </div> </div> </section> <!-- /usa header --> <!-- ______________________ HEADER _______________________ --> <header id="header"> <div class="mq--t"> <div id="header-region"> <div id="region-header" class="mq--t clearfix region region-header"> <div id="block-burgermenublock-2" data-block-plugin-id="treasury_burger_menu_block" class="block block-treasury-mega-menu block-treasury-burger-menu-block no-underline"> <button class="burger" type="button"> <span class="descriptive-text">MENU</span> <span class="hidden-text">MENU <span class="menu-line"></span> <span class="menu-line"></span> <span class="menu-line"></span> </span> </button> </div> <div id="block-hamilton-branding" data-block-plugin-id="system_branding_block" class="site-branding block block-system block-system-branding-block no-underline"> <h1> <a href="/" title="Home" rel="home" class="logo"> <img class="treasury-logo" src="/themes/custom/hamilton/logo.svg" alt="Seal of the U.S. Department of the Treasury, 1789"/><span class="logo-text">U.S. Department of the Treasury</span> </a> </h1> </div> </div> </div> </div> </header> <!-- /header --> <!-- ______________________ NAVIGATION _______________________ --> <div id="navigation"> <div class="mq--t"> <div id="navigation-region"> <div class="collapsed-logo"> <a href="/" title="Home" rel="home" class="logo"> <img src="/themes/custom/hamilton/logo.svg" alt="Seal of the U.S. Department of the Treasury, 1789"/> </a> </div> <div class="region region-navigation"> <div id="block-megamenublock" data-block-plugin-id="treasury_mega_menu_block" class="block block-treasury-mega-menu block-treasury-mega-menu-block no-underline"> <nav class="mm block-system-menublock primary"> <ul class="nav-menu mq--t"> <li class="nav-item "> <a href="/about-treasury" class="mm-top" onclick="return false;">About Treasury</a> <div class="sub-nav"> <article class="node node--type-mega_menu_panel node--view-mode-full clearfix"> <div> <div class="treas-search-menu grid-container" id="megamenu-search"> <div class="grid-row"> <div class="grid-col"> <div class="treas-search-menu__component"> <div class="search-block searchgov_block_wrapper"> <div class="region region-search-menu"> <div id="block-hamilton-searchgovblock" data-block-plugin-id="searchgov_block" class="block block-searchgov-drupal block-searchgov-block no-underline"> <form id="search_form" action="https://search.usa.gov/search" accept-charset="UTF-8" method="get"><input name="utf8" type="hidden" value="✓" /> <input type="hidden" name="affiliate" id="affiliate" value="treas" /> <label for="query">Enter Search Term(s):</label> <input type="text" name="query" id="query" autocomplete="off" placeholder="Enter keywords" class="usagov-search-autocomplete" /> <div class="adv-search-link"><a href="https://search.usa.gov/search/advanced?affiliate=treas" class="hidden">Advanced Search</a></div> <input type="submit" name="commit" value="GO" class="search-form__submit" data-disable-with="Search" /> </form> </div> </div> </div> </div> </div> </div> </div> <div class="mobile-sub-nav"> <div class="block-region-col1"> <div data-block-plugin-id="entity_field:node:title" class="block block-ctools-block block-entity-fieldnodetitle no-underline"> <span class="field field--name-title field--type-string field--label-above">About Treasury</span> </div> </div> </div> <div class="mobile-scroll-wrap"> <div class="sub-nav-group secretarys-photo secretary-column" id="column-2"> <div class="block-region-col2"> <div data-block-plugin-id="block_content:08aa6afb-b64e-4bb1-ac6e-cfc98f1c3b3c" class="block block-block-content block-block-content08aa6afb-b64e-4bb1-ac6e-cfc98f1c3b3c no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/about/general-information">General Information</a></h2> <p><a href="/about/general-information/role-of-the-treasury">Role of the Treasury</a></p> <p><a href="/about/general-information/officials">Officials</a></p> <p><a href="/about/general-information/organizational-chart">Organizational Chart</a></p> <p><a href="/about/general-information/orders-and-directives">Orders and Directives</a></p> </div> </div> <div data-block-plugin-id="block_content:43c80fae-0d72-480c-a816-6dc13b206886" class="block block-block-content block-block-content43c80fae-0d72-480c-a816-6dc13b206886 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="https://home.treasury.gov/about/offices">Offices</a></h2><p><a href="/about/offices/domestic-finance">Domestic Finance</a></p><p><a href="/about/offices/economic-policy">Economic Policy</a></p><p><a href="/about/offices/general-counsel">General Counsel</a></p><p><a href="/about/offices/international-affairs">International Affairs</a></p><p><a href="/about/offices/management">Management</a></p><p><a href="/about/offices/public-affairs">Public Affairs</a></p><p><a href="/about/offices/tax-policy">Tax Policy</a></p><p><a href="/about/offices/terrorism-and-financial-intelligence">Terrorism and Financial Intelligence</a></p><p><a href="/policy-issues/tribal-affairs">Tribal and Native Affairs</a></p><p><a href="/services/report-fraud-waste-and-abuse/inspectors-general">Inspectors General</a></p></div> </div> </div> </div> <div class="secretarys-bio sub-nav-group secretary-column" id="column-3"> <div class="block-region-col3"> <div data-block-plugin-id="block_content:599924e8-ff63-46da-a2ed-4f3c5739455d" class="block block-block-content block-block-content599924e8-ff63-46da-a2ed-4f3c5739455d no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/about/bureaus">Bureaus</a></h2><p><a href="https://www.ttb.gov/">Alcohol and Tobacco Tax and Trade Bureau (TTB)</a></p><p><a href="https://www.moneyfactory.gov/">Bureau of Engraving &amp; Printing (BEP)</a></p><p><a href="https://www.fincen.gov/">Financial Crimes Enforcement Network (FinCEN)</a></p><p><a href="https://www.fiscal.treasury.gov/">Bureau of the Fiscal Service (BFS)</a></p><p><a href="https://www.irs.gov/">Internal Revenue Service (IRS)</a></p><p><a href="https://www.occ.treas.gov/">Office of the Comptroller of the Currency (OCC)</a></p><p><a href="https://www.usmint.gov/">U.S. Mint</a></p><p><a href="https://www.treasury.gov/about/organizational-structure/ig/Pages/default.aspx">Office of Inspector General (OIG)</a></p><p><a href="https://www.treasury.gov/tigta/">Treasury Inspector General for Tax Administration (TIGTA)</a></p><p><a href="https://www.sigpr.gov/">Special Inspector General for Pandemic Recovery (SIGPR)</a></p></div> </div> </div> </div> <div class="sub-nav-group secretary-remarks secretary-column" id="column-4"> <div class="block-region-col4"> <div data-block-plugin-id="block_content:3e5cbfc4-de8d-4151-9710-95efaf040648" class="block block-block-content block-block-content3e5cbfc4-de8d-4151-9710-95efaf040648 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/about/budget-financial-reporting-planning-and-performance">Budget, Financial Reporting, Planning and Performance</a></h2><p><a href="/about/budget-financial-reporting-planning-and-performance/strategic-plan">Strategic Plan</a></p><p><a href="/about/budget-financial-reporting-planning-and-performance/budget-requestannual-performance-plan-and">Budget Request/Annual Performance Plan and Reports</a></p><p><a href="/about/budget-financial-reporting-planning-and-performance/agency-financial-report">Agency Financial Report</a></p><p><a href="/about/budget-financial-reporting-planning-and-performance/inspector-general-audits-and">Inspector General Audits and Investigative Reports</a></p><p><a href="/about/budget-financial-reporting-planning-and-performance/irs-strategic-operating-plan">IRS Strategic Operating Plan</a></p></div> </div> </div> </div> <div class="sub-nav-group secretary-travel-schedule secretary-column" id="column-5"> <div class="block-region-col5"> <div data-block-plugin-id="block_content:d3de5c5c-98cb-46d1-8d23-a582bae1298c" class="block block-block-content block-block-contentd3de5c5c-98cb-46d1-8d23-a582bae1298c no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/about/history">History</a></h2> <p><a href="/about/history/curator">Curator</a></p> <p><a href="/about/history/history-overview">History Overview</a></p> <p><a href="/about/history/prior-secretaries">Prior Secretaries</a></p> <p><a href="/about/history/treasurers-of-the-united-states">Prior Treasurers</a></p> <p><a href="/about/history/the-treasury-building">The Treasury Building</a></p> <p><a href="/about/history/collection">Collections</a></p> <p><a href="/about/history/freedmans-bank-building">Freedman's Bank Building</a></p> </div> </div> </div> </div> <div class="sub-nav-group secretary-column" id="column-6"> <div class="block-region-col6"> <div data-block-plugin-id="block_content:d6469877-15d1-4dd2-9da1-c4a8c29fde97" class="block block-block-content block-block-contentd6469877-15d1-4dd2-9da1-c4a8c29fde97 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/about/careers-at-treasury">Careers</a></h2><p><a href="/about/careers-at-treasury/careers-at-headquarters">At Headquarters</a></p><p><a href="/about/careers-at-treasury/careers-at-our-bureaus">At Our Bureaus&nbsp;</a></p><p><a href="/about/careers-at-treasury/top-ten-reasons-to-work-for-treasury">Top 10 Reasons to Work Here</a></p><p><a href="/about/careers-at-treasury/benefits-and-growth">Benefits and Growth</a></p><p><a href="/about/careers-at-treasury/workforce">Workforce</a></p><p><a href="/about/careers-at-treasury/veterans-employment">Veterans&nbsp;Employment</a></p><p><a href="/about/careers-at-treasury/pathways-programs">Pathways</a></p><p><a href="/about/careers-at-treasury/how-to-apply">How to Apply</a></p><p><a href="https://treasury.usajobs.gov/">Search Jobs</a></p><p><a href="/about/careers-at-treasury/the-fair-chance-to-compete-act">The Fair Chance to Compete Act</a></p></div> </div> </div> </div> </div> </div> </article> </div> </li> <li class="nav-item "> <a href="/policy-issues" class="mm-top" onclick="return false;">Policy Issues</a> <div class="sub-nav"> <article class="node node--type-mega_menu_panel node--view-mode-full clearfix"> <div> <div class="treas-search-menu grid-container" id="megamenu-search"> <div class="grid-row"> <div class="grid-col"> <div class="treas-search-menu__component"> <div class="search-block searchgov_block_wrapper"> <div class="region region-search-menu"> <div id="block-hamilton-searchgovblock" data-block-plugin-id="searchgov_block" class="block block-searchgov-drupal block-searchgov-block no-underline"> <form id="search_form" action="https://search.usa.gov/search" accept-charset="UTF-8" method="get"><input name="utf8" type="hidden" value="✓" /> <input type="hidden" name="affiliate" id="affiliate" value="treas" /> <label for="query">Enter Search Term(s):</label> <input type="text" name="query" id="query" autocomplete="off" placeholder="Enter keywords" class="usagov-search-autocomplete" /> <div class="adv-search-link"><a href="https://search.usa.gov/search/advanced?affiliate=treas" class="hidden">Advanced Search</a></div> <input type="submit" name="commit" value="GO" class="search-form__submit" data-disable-with="Search" /> </form> </div> </div> </div> </div> </div> </div> </div> <div class="mobile-sub-nav"> <div class="block-region-col1"> <div data-block-plugin-id="entity_field:node:title" class="block block-ctools-block block-entity-fieldnodetitle no-underline"> <span class="field field--name-title field--type-string field--label-above">Policy Issues</span> </div> </div> </div> <div class="mobile-scroll-wrap"> <div class="sub-nav-group secretarys-photo secretary-column" id="column-2"> <div class="block-region-col2"> <div data-block-plugin-id="block_content:87238aca-8139-42ee-bd6e-b2fe3ab84737" class="block block-block-content block-block-content87238aca-8139-42ee-bd6e-b2fe3ab84737 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="https://home.treasury.gov/policy-issues/coronavirus">COVID19 Economic Relief</a></h2> <p><a href="https://home.treasury.gov/policy-issues/coronavirus/assistance-for-American-families-and-workers">American Families and Workers</a></p> <p><a href="https://home.treasury.gov/policy-issues/coronavirus/assistance-for-small-businesses">Small Businesses</a></p> <p><a href="https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments">State, Local, and Tribal Governments</a></p> <p><a href="https://home.treasury.gov/policy-issues/coronavirus/assistance-for-american-industry">American Industry</a></p> </div> </div> <div data-block-plugin-id="block_content:a85db02e-9805-4e62-919b-1d3fc20955bd" class="block block-block-content block-block-contenta85db02e-9805-4e62-919b-1d3fc20955bd no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/tax-policy">Tax Policy</a></h2> <p><a href="/policy-issues/tax-policy/revenue-proposals">Revenue Proposals</a></p> <p><a href="/policy-issues/tax-policy/tax-expenditures">Tax Expenditures</a></p> <p><a href="/policy-issues/tax-policy/international-tax">International Tax</a></p> <p><a href="/policy-issues/tax-policy/treaties">Treaties and Related Documents</a></p> <p><a href="/policy-issues/tax-policy/foreign-account-tax-compliance-act">Foreign Account Tax Compliance Act (FATCA) </a></p> <p><a href="/policy-issues/tax-policy/office-of-tax-policy-reports">Reports</a></p> <p><a href="/policy-issues/tax-policy/office-of-tax-analysis">Tax Analysis</a></p> <p><a href="/policy-issues/tax-policy/tax-regulatory-process">Tax Regulatory Process</a></p> </div> </div> </div> </div> <div class="secretarys-bio sub-nav-group secretary-column" id="column-3"> <div class="block-region-col3"> <div data-block-plugin-id="block_content:45a7d3ca-8604-4462-bf30-0677d48e49c4" class="block block-block-content block-block-content45a7d3ca-8604-4462-bf30-0677d48e49c4 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/economic-policy">Economic Policy</a></h2> <p><a href="/data/treasury-coupon-issues-and-corporate-bond-yield-curves/treasury-coupon-issues">Treasury Coupon Issues</a></p> <p><a href="/data/treasury-coupon-issues-and-corporate-bond-yield-curve/corporate-bond-yield-curve">Corporate Bond Yield Curve</a></p> <p><a href="/policy-issues/economic-policy/economic-policy-reports">Economic Policy Reports</a></p> <p><a href="/policy-issues/economic-policy/social-security-and-medicare-trustee-reports">Social Security and Medicare</a></p> <p><a href="/policy-issues/economic-policy/total-taxable-resources">Total Taxable Resources</a></p> </div> </div> <div data-block-plugin-id="block_content:504b3551-baa1-4c2a-9f14-21016fc2bc43" class="block block-block-content block-block-content504b3551-baa1-4c2a-9f14-21016fc2bc43 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/terrorism-and-illicit-finance">Terrorism and Illicit Finance</a></h2> <p><a href="https://ofac.treasury.gov/">Sanctions</a></p> <p><a href="/policy-issues/terrorism-and-illicit-finance/treasury-executive-office-for-asset-forfeiture-teoaf">Asset Forfeiture</a></p> <p><a href="/policy-issues/terrorism-and-illicit-finance/domestic-violent-extremism">Domestic Violent Extremism</a></p> <p><a href="/policy-issues/terrorism-and-illicit-finance/311-actions">311 Actions</a></p> <p><a href="/policy-issues/terrorism-and-illicit-finance/terrorist-finance-tracking-program-tftp">Terrorist Finance Tracking Program</a></p> <p><a href="/policy-issues/terrorism-and-illicit-finance/money-laundering">Money Laundering</a></p> <p><a href="/policy-issues/terrorism-and-illicit-finance/financial-action-task-force">Financial Action Task Force</a></p> <p><a href="/about/offices/terrorism-and-financial-intelligence/protecting-charitable-organizations">Protecting Charitable Organizations</a></p> </div> </div> </div> </div> <div class="sub-nav-group secretary-remarks secretary-column" id="column-4"> <div class="block-region-col4"> <div data-block-plugin-id="block_content:edc8b9ed-47da-4ab8-80bd-3fb2302d29a9" class="block block-block-content block-block-contentedc8b9ed-47da-4ab8-80bd-3fb2302d29a9 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/financing-the-government">Financing the Government </a></h2> <p><a href="/policy-issues/financing-the-government/quarterly-refunding">Treasury Quarterly Refunding</a></p> <p><a href="/policy-issues/financing-the-government/interest-rate-statistics">Interest Rate Statistics</a></p> <p><a href="/policy-issues/financing-the-government/treasury-marketable-and-non-marketable-securities">Treasury Securities</a></p> <p><a href="/policy-issues/financing-the-government/treasury-investor-data">Treasury Investor Data</a></p> <p><a href="/policy-issues/financing-the-government/debt-management-research">Debt Management Research</a></p> </div> </div> <div data-block-plugin-id="block_content:8b280840-59f6-4a11-b57d-2a1973bb0316" class="block block-block-content block-block-content8b280840-59f6-4a11-b57d-2a1973bb0316 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service">Financial Markets, Financial Institutions, and Fiscal Service</a></h2> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/cash-and-debt-forecasting">Cash and Debt Forecasting</a></p> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit">Debt Limit</a></p> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/fsoc">Financial Stability Oversight Council</a></p> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/federal-insurance-office">Federal Insurance Office</a></p> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/restore-act">RESTORE Act</a></p> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/1603-program-payments-for">1603 Program</a></p> <p><a href="https://www.cdfifund.gov/">The Community Development Financial Institution (CDFI) Fund</a></p> <p><a href="https://www.makinghomeaffordable.gov/">Making Home Affordable</a></p> </div> </div> </div> </div> <div class="sub-nav-group secretary-travel-schedule secretary-column" id="column-5"> <div class="block-region-col5"> <div data-block-plugin-id="block_content:e779a09f-978f-4675-8c82-4d49327126bb" class="block block-block-content block-block-contente779a09f-978f-4675-8c82-4d49327126bb no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="https://ofac.treasury.gov/">Financial Sanctions</a></h2> <p><a href="https://ofac.treasury.gov/specially-designated-nationals-and-blocked-persons-list-sdn-human-readable-lists">Specially Designated Nationals List (SDN List)</a></p> <p><a href="https://ofac.treasury.gov/consolidated-sanctions-list-non-sdn-lists">Consolidated Sanctions List</a></p> <p><a href="https://ofac.treasury.gov/sanctions-list-search-tool">Search OFAC's Sanctions Lists</a></p> <p><a href="https://ofac.treasury.gov/other-ofac-sanctions-lists">Additional Sanctions Lists</a></p> <p><a href="https://ofac.treasury.gov/recent-actions">OFAC Recent Actions</a></p> <p><a href="https://ofac.treasury.gov/sanctions-programs-and-country-information">Sanctions Programs and Country Information</a></p> <p><a href="https://ofac.treasury.gov/faqs">Frequently Asked Questions</a></p> <p><a href="https://ofac.treasury.gov/civil-penalties-and-enforcement-information">OFAC Civil Penalties and Enforcement</a></p> <p><a href="https://ofac.treasury.gov/contact-ofac">Contact OFAC</a></p> </div> </div> <div data-block-plugin-id="block_content:2ca3d625-6c59-4e8d-af94-c1e12a9a5e41" class="block block-block-content block-block-content2ca3d625-6c59-4e8d-af94-c1e12a9a5e41 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/consumer-policy">Consumer Policy</a></h2> <p><a href="/policy-issues/consumer-policy/financial-literacy-and-education-commission">Financial Literacy and Education Commission</a></p> <p><a href="https://www.mymoney.gov/">Mymoney.gov</a></p> <p><a href="/policy-issues/consumer-policy/innovations-in-financial-services">Innovations in Financial Services</a></p> <p><a href="/policy-issues/consumer-policy/featured-research">Featured Research</a></p> </div> </div> </div> </div> <div class="sub-nav-group secretary-column" id="column-6"> <div class="block-region-col6"> <div data-block-plugin-id="block_content:db30dc82-8265-4b2b-a85f-2d67961ebe49" class="block block-block-content block-block-contentdb30dc82-8265-4b2b-a85f-2d67961ebe49 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/international">International</a></h2><p><a href="/policy-issues/international/the-committee-on-foreign-investment-in-the-united-states-cfius">The Committee on Foreign Investment in the United States (CFIUS)</a></p><p><a href=" /policy-issues/international/outbound-investment-program">Outbound Investment Security Program&nbsp;</a></p><p><a href="/policy-issues/international/exchange-stabilization-fund">Exchange Stabilization Fund</a></p><p><a href="/policy-issues/international/g-7-and-g-20">G-7 and G-20</a></p><p><a href="/policy-issues/international/international-monetary-fund">International Monetary Fund</a></p><p><a href="/policy-issues/international/multilateral-development-banks">Multilateral Development Banks</a></p><p><a href="/policy-issues/international/macroeconomic-and-foreign-exchange-policies-of-major-trading-partners">Macroeconomic and Foreign Exchange Policies of Major Trading Partners</a></p><p><a href="/policy-issues/international/exchange-rate-analysis">Exchange Rate Analysis</a></p><p><a href="/policy-issues/international/us-china-comprehensive-economic-dialogue">U.S.-China Comprehensive Strategic Economic Dialogue (CED)</a></p></div> </div> <div data-block-plugin-id="block_content:ee06edda-a3f6-4eb7-9711-46c815e911a9" class="block block-block-content block-block-contentee06edda-a3f6-4eb7-9711-46c815e911a9 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/small-business-programs">Small Business Programs</a></h2> <p><a href="/policy-issues/small-business-programs/small-and-disadvantaged-business-utilization-0">Small and Disadvantaged Business Utilization</a></p> <p><a href="/policy-issues/small-business-programs/small-business-lending-fund">Small Business Lending Fund</a></p> <p><a href="/policy-issues/small-business-programs/state-small-business-credit-initiative-ssbci">State Small Business Credit Initiative</a></p> </div> </div> <div data-block-plugin-id="block_content:67ed2f97-7a9f-4b86-9df7-e63b30af96ae" class="block block-block-content block-block-content67ed2f97-7a9f-4b86-9df7-e63b30af96ae no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/tribal-affairs">Tribal Affairs</a></h2> </div> </div> </div> </div> </div> </div> </article> </div> </li> <li class="nav-item "> <a href="/data" class="mm-top" onclick="return false;">Data</a> <div class="sub-nav"> <article class="node node--type-mega_menu_panel node--view-mode-full clearfix"> <div> <div class="treas-search-menu grid-container" id="megamenu-search"> <div class="grid-row"> <div class="grid-col"> <div class="treas-search-menu__component"> <div class="search-block searchgov_block_wrapper"> <div class="region region-search-menu"> <div id="block-hamilton-searchgovblock" data-block-plugin-id="searchgov_block" class="block block-searchgov-drupal block-searchgov-block no-underline"> <form id="search_form" action="https://search.usa.gov/search" accept-charset="UTF-8" method="get"><input name="utf8" type="hidden" value="✓" /> <input type="hidden" name="affiliate" id="affiliate" value="treas" /> <label for="query">Enter Search Term(s):</label> <input type="text" name="query" id="query" autocomplete="off" placeholder="Enter keywords" class="usagov-search-autocomplete" /> <div class="adv-search-link"><a href="https://search.usa.gov/search/advanced?affiliate=treas" class="hidden">Advanced Search</a></div> <input type="submit" name="commit" value="GO" class="search-form__submit" data-disable-with="Search" /> </form> </div> </div> </div> </div> </div> </div> </div> <div class="mobile-sub-nav"> <div class="block-region-col1"> <div data-block-plugin-id="entity_field:node:title" class="block block-ctools-block block-entity-fieldnodetitle no-underline"> <span class="field field--name-title field--type-string field--label-above">Data</span> </div> </div> </div> <div class="mobile-scroll-wrap"> <div class="sub-nav-group secretarys-photo secretary-column" id="column-2"> <div class="block-region-col2"> <div data-block-plugin-id="block_content:9258b68a-9e90-42b1-b7c5-9049081662a0" class="block block-block-content block-block-content9258b68a-9e90-42b1-b7c5-9049081662a0 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/financing-the-government/interest-rate-statistics">Interest Rates</a></h2><p><a href="/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&amp;field_tdr_date_value=2025">Daily Treasury Par Yield Curve Rates</a></p><p><a href="/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_real_yield_curve&amp;field_tdr_date_value=2025">Daily Treasury Par Real Yield Curve Rates</a></p><p><a href="/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates&amp;field_tdr_date_value=2025">Daily Treasury Bill Rates</a></p><p><a href="/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_long_term_rate&amp;field_tdr_date_value=2025">Daily Treasury Long-Term Rates</a></p><p><a href="/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_real_long_term&amp;field_tdr_date_value=2025">Daily Treasury Real Long-Term Rates</a></p><p>&nbsp;</p></div> </div> <div data-block-plugin-id="block_content:edd753f5-38d8-4209-a98c-27488d0d2fb1" class="block block-block-content block-block-contentedd753f5-38d8-4209-a98c-27488d0d2fb1 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/data/treasury-coupon-issues-and-corporate-bond-yield-curves">Treasury Coupon-Issue and Corporate Bond Yield Curve</a></h2> <p><a href="/data/treasury-coupon-issues-and-corporate-bond-yield-curves/treasury-coupon-issues">Treasury Coupon Issues</a></p> <p><a href="/data/treasury-coupon-issues-and-corporate-bond-yield-curve/corporate-bond-yield-curve">Corporate Bond Yield Curve</a></p> </div> </div> </div> </div> <div class="secretarys-bio sub-nav-group secretary-column" id="column-3"> <div class="block-region-col3"> <div data-block-plugin-id="block_content:3e280843-aad7-4e99-a3ad-4aa1d8d38a45" class="block block-block-content block-block-content3e280843-aad7-4e99-a3ad-4aa1d8d38a45 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2>Federal Financial Data</h2> <p><a href="https://fiscaldata.treasury.gov/americas-finance-guide/ ">Your Guide to America’s Finances</a></p> <p><a href="https://fiscaldata.treasury.gov/datasets/monthly-treasury-statement/summary-of-receipts-outlays-and-the-deficit-surplus-of-the-u-s-government">Monthly Treasury Statement</a></p> <p><a href="https://fiscaldata.treasury.gov/datasets/daily-treasury-statement/operating-cash-balance">Daily Treasury Statement</a></p> </div> </div> <div data-block-plugin-id="block_content:40da813f-5ffa-4ef2-9e52-6767d2e42042" class="block block-block-content block-block-content40da813f-5ffa-4ef2-9e52-6767d2e42042 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="https://usaspending.gov">How Your Money Is Spent</a></h2> <p><a href="https://www.usaspending.gov/">USAspending.gov</a></p> </div> </div> <div data-block-plugin-id="block_content:1fa5995a-90da-46f6-98f6-f892b7e83b25" class="block block-block-content block-block-content1fa5995a-90da-46f6-98f6-f892b7e83b25 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="https://www.treasurydirect.gov/govt/reports/pd/pd_debttothepenny.htm">National Debt</a></h2> <p><a href="https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny">National Debt to the Penny</a></p> <p><a href="https://fiscaldata.treasury.gov/datasets/historical-debt-outstanding/historical-debt-outstanding">Historical Debt Outstanding</a></p> <p><a href="https://fiscaldata.treasury.gov/datasets/monthly-statement-public-debt/summary-of-treasury-securities-outstanding">Monthly Statement of the Public Debt&nbsp;</a></p> </div> </div> <div data-block-plugin-id="block_content:5f1697f3-3b2e-4ac3-9b73-2c49fa9926d0" class="block block-block-content block-block-content5f1697f3-3b2e-4ac3-9b73-2c49fa9926d0 no-underline"> </div> </div> </div> <div class="sub-nav-group secretary-remarks secretary-column" id="column-4"> <div class="block-region-col4"> <div data-block-plugin-id="block_content:65eef870-0ea4-4f5d-995e-a15fa42d00bc" class="block block-block-content block-block-content65eef870-0ea4-4f5d-995e-a15fa42d00bc no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/policy-issues/financing-the-government/quarterly-refunding">Quarterly Refunding</a></h2> <p><a href="/policy-issues/financing-the-government/quarterly-refunding/treasury-quarterly-refunding-process">Debt Management Overview and Quarterly Refunding Process</a></p> <p><a href="/policy-issues/financing-the-government/quarterly-refunding/most-recent-quarterly-refunding-documents">Most Recent Documents</a></p> <p><a href="/policy-issues/financing-the-government/quarterly-refunding/quarterly-refunding-archives">Archives</a></p> <p><a href="/policy-issues/financing-the-government/quarterly-refunding/treasury-quarterly-refunding-webcasts">Webcasts</a></p> </div> </div> <div data-block-plugin-id="block_content:b3900a1b-1a1f-4663-8abc-c1c74528e6bc" class="block block-block-content block-block-contentb3900a1b-1a1f-4663-8abc-c1c74528e6bc no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/data/investor-class-auction-allotments">Investor Class Auction Allotments</a></h2> <p>&nbsp;</p> <h2><a href="/data/other-programs">Other Programs</a></h2> </div> </div> </div> </div> <div class="sub-nav-group secretary-travel-schedule secretary-column" id="column-5"> <div class="block-region-col5"> <div data-block-plugin-id="block_content:2a347020-8bd3-4994-88ba-c085eb54364b" class="block block-block-content block-block-content2a347020-8bd3-4994-88ba-c085eb54364b no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/data/treasury-international-capital-tic-system">Treasury International Capital (TIC) System</a></h2><p><a href="/data/treasury-international-capital-tic-system">U.S International Portfolio Investment Statistics</a></p><p><a href="/data/treasury-international-capital-tic-system-home-page/release-dates-of-tic-data-0">Release Dates</a></p><p><a href="/data/treasury-international-capital-tic-system-home-page/tic-forms-instructions">Forms and Instructions</a></p><p><a href="/data/tic-press-releases-by-topic">TIC Press Releases</a></p></div> </div> <div data-block-plugin-id="block_content:b79c5b27-c09f-4372-9f3a-15b7b804a842" class="block block-block-content block-block-contentb79c5b27-c09f-4372-9f3a-15b7b804a842 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/data/us-international-reserve-position">U.S. International Reserve Position</a></h2> </div> </div> </div> </div> <div class="sub-nav-group secretary-column" id="column-6"> <div class="block-region-col6"> <div data-block-plugin-id="block_content:7b74c93b-9cc7-4791-a582-c36e910c5d41" class="block block-block-content block-block-content7b74c93b-9cc7-4791-a582-c36e910c5d41 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/data/troubled-assets-relief-program">Troubled Assets Relief Program</a></h2> <p><a href="/data/troubled-assets-relief-program/reports">Reports</a></p> </div> </div> </div> </div> </div> </div> </article> </div> </li> <li class="nav-item "> <a href="/services" class="mm-top" onclick="return false;">Services</a> <div class="sub-nav"> <article class="node node--type-mega_menu_panel node--view-mode-full clearfix"> <div> <div class="treas-search-menu grid-container" id="megamenu-search"> <div class="grid-row"> <div class="grid-col"> <div class="treas-search-menu__component"> <div class="search-block searchgov_block_wrapper"> <div class="region region-search-menu"> <div id="block-hamilton-searchgovblock" data-block-plugin-id="searchgov_block" class="block block-searchgov-drupal block-searchgov-block no-underline"> <form id="search_form" action="https://search.usa.gov/search" accept-charset="UTF-8" method="get"><input name="utf8" type="hidden" value="✓" /> <input type="hidden" name="affiliate" id="affiliate" value="treas" /> <label for="query">Enter Search Term(s):</label> <input type="text" name="query" id="query" autocomplete="off" placeholder="Enter keywords" class="usagov-search-autocomplete" /> <div class="adv-search-link"><a href="https://search.usa.gov/search/advanced?affiliate=treas" class="hidden">Advanced Search</a></div> <input type="submit" name="commit" value="GO" class="search-form__submit" data-disable-with="Search" /> </form> </div> </div> </div> </div> </div> </div> </div> <div class="mobile-sub-nav"> <div class="block-region-col1"> <div data-block-plugin-id="entity_field:node:title" class="block block-ctools-block block-entity-fieldnodetitle no-underline"> <span class="field field--name-title field--type-string field--label-above">Services</span> </div> </div> </div> <div class="mobile-scroll-wrap"> <div class="sub-nav-group secretarys-photo secretary-column" id="column-2"> <div class="block-region-col2"> <div data-block-plugin-id="block_content:cd22a6d8-a500-49bb-a312-73c7d2985388" class="block block-block-content block-block-contentcd22a6d8-a500-49bb-a312-73c7d2985388 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/report-fraud-waste-and-abuse">Report Fraud, Waste &amp; Abuse</a></h2> <p><a href="/services/report-fraud-waste-and-abuse/covid-19-scams">Report COVID-19 Scam Attempts</a></p> <p><a href="/services/report-fraud-waste-and-abuse/report-scam-attempts">Report Scam Attempts</a></p> <p><a href="/services/report-fraud-waste-and-abuse/report-fraud-or-misconduct-related-to-government-contracts-or">Report Fraud Related to Government Contracts</a></p> <p><a href="/services/report-fraud-waste-and-abuse/inspectors-general">Inspectors General</a></p> </div> </div> <div data-block-plugin-id="block_content:5c206fe4-3cd6-4a7f-b337-75d6f0042fbc" class="block block-block-content block-block-content5c206fe4-3cd6-4a7f-b337-75d6f0042fbc no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/bonds-and-securities">Bonds and Securities</a></h2> <p><a href="https://www.treasurydirect.gov/tdhome.htm">Buy, Manage, and Redeem</a></p> <p><a href="https://treasuryhunt.gov/">Treasury Hunt - Search for Matured Bonds</a></p> <p><a href="https://www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeredeem_disaster.htm">Cashing Savings Bonds in Disaster-Declared Areas</a></p> <p><a href="https://www.treasurydirect.gov/faq.htm">Frequently Asked Questions</a></p> </div> </div> <div data-block-plugin-id="block_content:1337c6e2-5df1-4e57-9bb8-7d76ca39c94c" class="block block-block-content block-block-content1337c6e2-5df1-4e57-9bb8-7d76ca39c94c no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/grant-programs">Grant Programs</a></h2> <p><a href="/services/social-impact-partnerships/sippra-pay-for-results">Pay for Results (SIPPRA)</a></p> <p><a href="/policy-issues/financial-markets-financial-institutions-and-fiscal-service/restore-act">RESTORE Act</a></p> <p><a href="https://www.cdfifund.gov/Pages/default.aspx">Community Development Financial Institution (CDFI) Fund</a></p> </div> </div> </div> </div> <div class="secretarys-bio sub-nav-group secretary-column" id="column-3"> <div class="block-region-col3"> <div data-block-plugin-id="block_content:697d3b79-4238-4159-8111-a4b033f11319" class="block block-block-content block-block-content697d3b79-4238-4159-8111-a4b033f11319 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/treasury-payments">Treasury Payments</a></h2><p><a href="https://www.irs.gov/refunds">Where is my Refund?</a></p><p><a href="https://fiscal.treasury.gov/pirs/i-want-to.html">Lost or Expired Check</a></p><p><a href="https://www.fiscal.treasury.gov/fsservices/indiv/pmt/dirExpss/dirExpss_home.htm">Direct Express Card</a></p><p><a href="https://www.fiscal.treasury.gov/fsservices/gov/pmt/eft/eft_home.htm">Non-Benefit Federal Payments</a></p><p><a href="https://fiscal.treasury.gov/GoDirect/">Electronic Federal Benefit&nbsp;Payments - GoDirect</a></p></div> </div> <div data-block-plugin-id="block_content:a42a1c43-137d-4599-8c4e-4d6f6030ed6b" class="block block-block-content block-block-contenta42a1c43-137d-4599-8c4e-4d6f6030ed6b no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="https://home.treasury.gov/services/currency-and-coins">Currency and Coins</a></h2> <p><a href="https://www.usmint.gov/">Shop for Coin Products</a></p> <p><a href="https://www.bep.gov/services">Shop for Currency Products&nbsp;</a></p> <p><a href="https://www.bep.gov/services/mutilated-currency-redemption">Redeem Damaged Currency</a></p> <p><a href="https://www.bep.gov/">Bureau of Engraving and Printing</a></p> <p><a href="https://www.usmint.gov/">U.S Mint</a></p> <p>&nbsp;</p> </div> </div> </div> </div> <div class="sub-nav-group secretary-remarks secretary-column" id="column-4"> <div class="block-region-col4"> <div data-block-plugin-id="block_content:162bab68-efbe-4083-832b-1499417428d2" class="block block-block-content block-block-content162bab68-efbe-4083-832b-1499417428d2 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/treasury-auctions">Auctions</a></h2><p><a href="https://www.irsauctions.gov/">IRS Auctions</a></p><p><a href="https://www.treasury.gov/auctions/treasury/rp/">Real Estate</a></p><p><a href="https://www.treasury.gov/auctions/treasury/gp/">General Property, Vehicles, Vessels &amp; Aircraft</a></p></div> </div> <div data-block-plugin-id="block_content:04a3cfc7-3c51-4a8f-b13b-6c8463269c42" class="block block-block-content block-block-content04a3cfc7-3c51-4a8f-b13b-6c8463269c42 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/the-multiemployer-pension-reform-act-of-2014">Kline-Miller Multiemployer Pension Reform Act of 2014 </a></h2> <p><a href="/services/the-multiemployer-pension-reform-act-of-2014/applications-for-benefit-suspension">Applications</a></p> <p><a href="/services/the-multiemployer-pension-reform-act-of-2014/frequently-asked-questions-about-the-kline-miller-multiemployer-pension-reform-act">Frequently Asked Questions</a></p> </div> </div> <div data-block-plugin-id="block_content:a7453ce4-9a46-433f-bb6e-f7d19f11a1bc" class="block block-block-content block-block-contenta7453ce4-9a46-433f-bb6e-f7d19f11a1bc no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/education">Education</a></h2> <p>&nbsp;</p> </div> </div> </div> </div> <div class="sub-nav-group secretary-travel-schedule secretary-column" id="column-5"> <div class="block-region-col5"> <div data-block-plugin-id="block_content:b91a7ac1-1e69-4dd7-abd4-e453901167a0" class="block block-block-content block-block-contentb91a7ac1-1e69-4dd7-abd4-e453901167a0 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/taxes">Taxes</a></h2> <p><a href="https://www.irs.gov/">Internal Revenue Service (IRS)&nbsp;</a></p> <p><a href="https://www.irs.gov/forms-instructions">IRS Forms, Instructions &amp; Publications</a></p> <p><a href="https://www.irs.gov/refunds">Refund Status</a></p> <p><a href="https://www.irs.gov/businesses/corporations/foreign-account-tax-compliance-act-fatca">Foreign Account Tax Compliance Act</a></p> </div> </div> <div data-block-plugin-id="block_content:e66a6639-cf86-4822-b84e-2afeb5caa7c7" class="block block-block-content block-block-contente66a6639-cf86-4822-b84e-2afeb5caa7c7 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/forms">Forms</a></h2><p><a href="https://www.irs.gov/forms-instructions">IRS Forms and Instructions</a></p><p><a href="https://treasurydirect.gov/forms.htm">Savings Bonds - Treasury Securities</a></p><p><a href="https://bsaefiling.fincen.treas.gov/main.html">Bank Secrecy Act - Fincen 114 and more</a></p><p><a href="https://ofac.treasury.gov/ofac-license-application-page">OFAC License Application</a></p><p><a href="https://ofac.treasury.gov/ofac-reporting-system">OFAC Reporting</a></p><p><a href="/data/treasury-international-capital-tic-system-home-page/tic-forms-instructions">Treasury International Capital (TIC)</a></p></div> </div> </div> </div> <div class="sub-nav-group secretary-column" id="column-6"> <div class="block-region-col6"> <div data-block-plugin-id="block_content:2bc4edd6-3bb0-4803-a971-32a8e2934e37" class="block block-block-content block-block-content2bc4edd6-3bb0-4803-a971-32a8e2934e37 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/government-shared-services">Government Shared Services</a></h2><p><a href="/services/government-shared-services/treasury-franchise-fund">Treasury Franchise Fund (TFF)</a></p><p><a href="/services/government-shared-services/administrative-resource-center">Administrative Resource Center (ARC)</a></p><p><a href="/services/government-shared-services/shared-services-programs">Shared Services Program (SSP)</a></p><p><a href="https://tfx.treasury.gov/fmqsmo/marketplace-catalog">Financial Management (FM) Marketplace Catalog</a></p><p><a href="https://www.treasurydirect.gov/government/">TreasuryDirect</a></p><p><a href="https://www.ipp.gov/">Invoice Processing Platform</a></p></div> </div> <div data-block-plugin-id="block_content:edb8879e-fa29-4f75-86c5-c50b398f5682" class="block block-block-content block-block-contentedb8879e-fa29-4f75-86c5-c50b398f5682 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/services/tours-and-library">Tours and Library</a></h2> <p><a href="/services/tours-and-library/tours-of-the-historic-treasury-building">Historic Treasury Building</a></p> <p><a href="/services/tours-and-library/library">Library</a></p> <p><a href="/about/history/curator">Curator</a></p> <p><a href="https://www.bep.gov/visitor-centers">Bureau of Engraving and Printing</a></p> <p><a href="https://www.usmint.gov/about/mint-tours-facilities">U.S. Mint</a></p> </div> </div> </div> </div> </div> </div> </article> </div> </li> <li class="nav-item "> <a href="/news/press-releases" class="mm-top" onclick="return false;">News</a> <div class="sub-nav news-menu"> <article class="node node--type-mega_menu_panel node--view-mode-full clearfix"> <div> <div class="treas-search-menu grid-container" id="megamenu-search"> <div class="grid-row"> <div class="grid-col"> <div class="treas-search-menu__component"> <div class="search-block searchgov_block_wrapper"> <div class="region region-search-menu"> <div id="block-hamilton-searchgovblock" data-block-plugin-id="searchgov_block" class="block block-searchgov-drupal block-searchgov-block no-underline"> <form id="search_form" action="https://search.usa.gov/search" accept-charset="UTF-8" method="get"><input name="utf8" type="hidden" value="✓" /> <input type="hidden" name="affiliate" id="affiliate" value="treas" /> <label for="query">Enter Search Term(s):</label> <input type="text" name="query" id="query" autocomplete="off" placeholder="Enter keywords" class="usagov-search-autocomplete" /> <div class="adv-search-link"><a href="https://search.usa.gov/search/advanced?affiliate=treas" class="hidden">Advanced Search</a></div> <input type="submit" name="commit" value="GO" class="search-form__submit" data-disable-with="Search" /> </form> </div> </div> </div> </div> </div> </div> </div> <div class="mobile-sub-nav"> <div class="block-region-col1"> <div data-block-plugin-id="entity_field:node:title" class="block block-ctools-block block-entity-fieldnodetitle no-underline"> <span class="field field--name-title field--type-string field--label-above">News</span> </div> </div> </div> <div class="mobile-scroll-wrap"> <div class="sub-nav-group secretarys-photo secretary-column" id="column-2"> <div class="block-region-col2"> <div class="views-element-container block block-views block-views-blockmega-menu-news-block-1 no-underline" data-block-plugin-id="views_block:mega_menu_news-block_1"> <div><div class="mm-news-block view view-mega-menu-news view-id-mega_menu_news view-display-id-block_1 js-view-dom-id-01e1aa59e4046e791c884b1486683eab7295f4dddb816e77d8248bdf77357d0c"> <div class="view-header"> <h2 class=""><a href="/news/featured-stories" class="">Featured Stories</a></h2> </div> <div class="view-content"> <div class="mm-news-row"> <time datetime="2025-02-08T21:05:59Z" class="datetime">February 8, 2025</time> <div class="news-title"><a href="/news/featured-stories/united-states-department-of-the-treasury-announces-new-appointments" hreflang="en">United States Department of the Treasury Announces New Appointments</a></div> </div> <div class="mm-news-row"> <time datetime="2025-02-08T21:05:50Z" class="datetime">February 8, 2025</time> <div class="news-title"><a href="/news/featured-stories/treasury-targets-oil-network-generating-hundreds-of-millions-of-dollars-for-irans-military" hreflang="en">Treasury Targets Oil Network Generating Hundreds of Millions of Dollars for Iran’s Military</a></div> </div> <div class="mm-news-row"> <time datetime="2025-01-28T22:10:00Z" class="datetime">January 28, 2025</time> <div class="news-title"><a href="/news/featured-stories/scott-bessent-sworn-in-as-79th-secretary-of-the-department-of-treasury" hreflang="en">Scott Bessent sworn in as 79th Secretary of the Department of Treasury</a></div> </div> </div> <div class="view-footer"> <div class="more-link"> <a href="/news/featured-stories" title="View all Featured Stories">View all<span class="visually-hidden"> Featured Stories</span></a> </div> </div> </div> </div> </div> </div> </div> <div class="secretarys-bio sub-nav-group secretary-column" id="column-3"> <div class="block-region-col3"> <div class="views-element-container block block-views block-views-blockmega-menu-news-block-3 no-underline" data-block-plugin-id="views_block:mega_menu_news-block_3"> <div><div class="mm-news-block view view-mega-menu-news view-id-mega_menu_news view-display-id-block_3 js-view-dom-id-4f41672443cc059ed1fe2582c589f2d929219ac6e4eb41cce8a8b98b68b0db25"> <div class="view-header"> <h2><a href="/news/press-releases">Press Releases</a></h2> </div> <div class="view-content"> <div class="mm-news-row"> <time datetime="2025-02-11T13:00:00Z" class="datetime">February 11, 2025</time> <div class="news-title"><a href="/news/press-releases/sb0018" hreflang="en">United States, Australia, and the United Kingdom Jointly Sanction Key Infrastructure that Enables Ransomware Attacks</a></div> </div> <div class="mm-news-row"> <time datetime="2025-02-07T21:36:00Z" class="datetime">February 7, 2025</time> <div class="news-title"><a href="/news/press-releases/sb0016" hreflang="en">Secretary Bessent Announces Intention to Appoint First Deputy Comptroller of the Office of the Comptroller of the Currency</a></div> </div> <div class="mm-news-row"> <time datetime="2025-02-06T15:30:00Z" class="datetime">February 6, 2025</time> <div class="news-title"><a href="/news/press-releases/sb0015" hreflang="en">Treasury Targets Oil Network Generating Hundreds of Millions of Dollars for Iran’s Military</a></div> </div> </div> <div class="view-footer"> <div class="more-link"> <a href="/news/press-releases" title="View all Press Releases">View All<span class="visually-hidden"> Press Releases</span></a> </div> </div> </div> </div> </div> </div> </div> <div class="sub-nav-group secretary-remarks secretary-column" id="column-4"> <div class="block-region-col4"> <div class="views-element-container block block-views block-views-blockmega-menu-news-block-5 no-underline" data-block-plugin-id="views_block:mega_menu_news-block_5"> <div><div class="mm-news-block view view-mega-menu-news view-id-mega_menu_news view-display-id-block_5 js-view-dom-id-985e96f0ed359a011960a2c82cebc2da854024f95bd98a883d87609c382e2aeb"> <div class="view-header"> <h2><a href="/news/press-releases/statements-remarks">Remarks and Statements</a></h2> </div> <div class="view-content"> <div class="mm-news-row"> <time datetime="2025-02-04T22:25:46Z" class="datetime">February 4, 2025</time> <div class="news-title"><a href="/news/press-releases/sb0009" hreflang="en">Treasury Department Letter to Members of Congress Regarding Payment Systems</a></div> </div> <div class="mm-news-row"> <time datetime="2025-01-15T16:29:40Z" class="datetime">January 15, 2025</time> <div class="news-title"><a href="/news/press-releases/jy2786" hreflang="en">Remarks by Secretary of the Treasury Janet L. Yellen Reflecting on the Biden-Harris Administration’s Economic Record</a></div> </div> <div class="mm-news-row"> <time datetime="2025-01-10T18:42:28Z" class="datetime">January 10, 2025</time> <div class="news-title"><a href="/news/press-releases/jy2796" hreflang="en">Remarks by U.S. Secretary of the Treasury Janet L. Yellen at a Treasury Event Recognizing Her Public Service Career</a></div> </div> </div> <div class="view-footer"> <div class="more-link"> <a href="/news/press-releases/statements-remarks" title="View all Remarks and Statements">View All<span class="visually-hidden"> Remarks and Statements</span></a> </div> </div> </div> </div> </div> </div> </div> <div class="sub-nav-group secretary-travel-schedule secretary-column" id="column-5"> <div class="block-region-col5"> <div data-block-plugin-id="block_content:b783c42f-c8c7-40ce-8801-5e190fa1f337" class="block block-block-content block-block-contentb783c42f-c8c7-40ce-8801-5e190fa1f337 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h2><a href="/news/press-releases">Press Information</a></h2> <p><a href="/news/contacts-for-members-of-the-media">Press Contacts</a></p> <p><a href="https://search.usa.gov/search/docs?utf8=%E2%9C%93&amp;affiliate=treas&amp;sort_by=&amp;dc=9123&amp;query=weekly-schedule-updates">Weekly Public Schedule Archive</a></p> <p><a href="/news/webcasts">Webcasts</a></p> <p><a href="https://search.usa.gov/search/docs?utf8=%E2%9C%93&amp;affiliate=treas&amp;sort_by=&amp;dc=9121&amp;query=media-advisories">Media Advisories Archive</a></p> <p><a href="https://service.govdelivery.com/accounts/USTREAS/subscriber/new?topic_id=USTREAS_49">Subscribe to Press Releases</a></p> </div> </div> </div> </div> <div class="sub-nav-group twitter-feed" id="column-6"> <div class="block-region-col6"> <div class="mm-news-block mobile-card view view-mega-menu-news view-id-mega_menu_news view-display-id-block_3 js-view-dom-id-b2c42544280177d5acae1de1d570863f6cc30245125750dab4f7a5b1617a3d64"> <h2><a href="https://twitter.com/USTreasury">Twitter</a></h2> <div class="view-content" id="titterfeedDiv"> <!--Twitter Start--> <!--Twitter End--> </div> <div class="more-link"> <a href="https://twitter.com/USTreasury" title="View more posts on twitter.com" class="">View All Tweets</a> </div> </div> </div> </div> </div></article> </div> </li> <li class="nav-item mega-search"> <a href="/search" class="mm-top" onclick="return false;" id="mega-search-link">Search</a> <div class="sub-nav"> <article class="node node--type-mega_menu_panel node--view-mode-full clearfix"> <div> <div class="treas-search-menu grid-container" id="megamenu-search"> <div class="grid-row"> <div class="grid-col"> <div class="treas-search-menu__component"> <div class="search-block searchgov_block_wrapper"> <div class="region region-search-menu"> <div id="block-hamilton-searchgovblock" data-block-plugin-id="searchgov_block" class="block block-searchgov-drupal block-searchgov-block no-underline"> <form id="search_form" action="https://search.usa.gov/search" accept-charset="UTF-8" method="get"><input name="utf8" type="hidden" value="✓" /> <input type="hidden" name="affiliate" id="affiliate" value="treas" /> <label for="query">Enter Search Term(s):</label> <input type="text" name="query" id="query" autocomplete="off" placeholder="Enter keywords" class="usagov-search-autocomplete" /> <div class="adv-search-link"><a href="https://search.usa.gov/search/advanced?affiliate=treas" class="hidden">Advanced Search</a></div> <input type="submit" name="commit" value="GO" class="search-form__submit" data-disable-with="Search" /> </form> </div> </div> </div> </div> </div> </div> </div> <div class="mobile-sub-nav"> <div class="block-region-col1"> <div data-block-plugin-id="entity_field:node:title" class="block block-ctools-block block-entity-fieldnodetitle no-underline"> <span class="field field--name-title field--type-string field--label-above">Search</span> </div> </div> </div> <div class="mobile-scroll-wrap"> <div class="sub-nav-group secretarys-photo secretary-column" id="column-2"> <div class="block-region-col2"> <nav role="navigation" aria-label="-menu" data-block-plugin-id="menu_block:quick-links" class="block block-menu navigation block-system-menublock menu--quick-links"> <h2 id="-menu">The Public</h2> <ul class="quik menu"> <li class="menu-item menu-item--expanded"> <a href="/" data-drupal-link-system-path="&lt;front&gt;">General Public</a> <ul class="menu"> <li class="menu-item"> <a href="https://home.treasury.gov/services/treasury-auctions">Auctions</a> </li> <li class="menu-item"> <a href="https://home.treasury.gov/services/report-fraud-waste-and-abuse/report-scam-attempts">Report Scam Attempts</a> </li> <li class="menu-item"> <a href="https://www.treasurydirect.gov/tdhome.htm" target="_blank">Savings Bonds</a> </li> </ul> </li> </ul> </nav></div> </div> <div class="secretarys-bio sub-nav-group secretary-column" id="column-3"> <div class="block-region-col3"> <nav role="navigation" aria-label="-menu" data-block-plugin-id="menu_block:quick-links" class="block block-menu navigation block-system-menublock menu--quick-links"> <h2 id="-menu">Businesses</h2> <ul class="quik menu"> <li class="menu-item menu-item--expanded"> <a href="/" data-drupal-link-system-path="&lt;front&gt;">All Businesses</a> <ul class="menu"> <li class="menu-item"> <a href="https://www.irs.gov/forms-pubs/about-form-941">Form 941, employer&#039;s quarterly federal tax return</a> </li> <li class="menu-item"> <a href="https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online">Employer Identification Number (EIN)</a> </li> </ul> </li> <li class="menu-item menu-item--expanded"> <a href="/" data-drupal-link-system-path="&lt;front&gt;">Small Businesses</a> <ul class="menu"> <li class="menu-item"> <a href="https://home.treasury.gov/policy-issues/small-business-programs/small-and-disadvantaged-business-utilization/bureau-small-business-specialists" data-display-mobile="0" data-display-desktop="0">Government Contracting Small Business Contacts</a> </li> </ul> </li> </ul> </nav></div> </div> <div class="sub-nav-group secretary-remarks secretary-column" id="column-4"> <div class="block-region-col4"> <nav role="navigation" aria-label="-menu" data-block-plugin-id="menu_block:quick-links" class="block block-menu navigation block-system-menublock menu--quick-links"> <h2 id="-menu">Financial Institutions</h2> <ul class="quik menu"> <li class="menu-item menu-item--expanded"> <a href="/" data-drupal-link-system-path="&lt;front&gt;">All Financial Institutions </a> <ul class="menu"> <li class="menu-item"> <a href="https://home.treasury.gov/policy-issues/financial-sanctions/specially-designated-nationals-and-blocked-persons-list-sdn-human-readable-lists">Specially Designated Nationals list</a> </li> <li class="menu-item"> <a href="https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/default.aspx">Interest rate statistics</a> </li> <li class="menu-item"> <a href="https://www.treasury.gov/resource-center/data-chart-center/quarterly-refunding/Pages/default.aspx">Quarterly refunding information</a> </li> </ul> </li> </ul> </nav></div> </div> <div class="sub-nav-group secretary-travel-schedule secretary-column" id="column-5"> <div class="block-region-col5"> <nav role="navigation" aria-label="-menu" data-block-plugin-id="menu_block:quick-links" class="block block-menu navigation block-system-menublock menu--quick-links"> <h2 id="-menu">Government</h2> <ul class="quik menu"> <li class="menu-item menu-item--expanded"> <a href="/" data-drupal-link-system-path="&lt;front&gt;">Federal Government</a> <ul class="menu"> <li class="menu-item"> <a href="https://www.treasury.gov/about/budget-performance/Pages/default.aspx">Budget, Financial Reporting, Planning and Performance </a> </li> <li class="menu-item"> <a href="https://home.treasury.gov/services/government-shared-services">Shared Services</a> </li> <li class="menu-item"> <a href="https://treasurydirect.gov/" data-display-mobile="0" data-display-desktop="0" target="_blank">TreasuryDirect for Government</a> </li> </ul> </li> </ul> </nav></div> </div> <div class="sub-nav-group secretary-column" id="column-6"> </div> </div> </div> </article> </div> </li> </ul> </nav> </div> </div> </div> </div> <!-- ______________________ ALERT BANNER REGION _______________________ --> <div id="alert-banner-region"> </div> <!-- /alert banner region --> </div> <!-- /navigation --> <!-- ______________________ Hero -- _______________________ --> <!-- ______________________ Pre Content _______________________ --> <div class="clearfix pre-content" id="pre-content"> <div class="mq--t breadcrumb-container"> <div class="region region-pre-content"> <div id="block-hamilton-breadcrumbs" data-block-plugin-id="system_breadcrumb_block" class="block block-system block-system-breadcrumb-block no-underline"> <nav class="breadcrumb" role="navigation" aria-labelledby="system-breadcrumb"> <h2 id="system-breadcrumb" class="visually-hidden">Breadcrumb</h2> <ol> <li> <a href="/">Home</a> </li> <li> About </li> <li> <a href="/about/offices">Offices</a> </li> <li> Economic Policy </li> </ol> </nav> </div> <div data-drupal-messages-fallback class="hidden"></div> </div> </div> </div> <!-- ______________________ Preface -- _______________________ --> <!-- ______________________ MAIN _______________________ --> <div class="clearfix content__container" id="main-content" tabindex="-1" role="main"> <div class="mq--t"> <aside class="sidebar-first sidebars" id="sidebar-first"> <div class="region region-sidebar-first"> <nav role="navigation" aria-label="block-mainstructure-menu" id="block-mainstructure" data-block-plugin-id="menu_block:main" class="block block-menu navigation block-system-menublock menu--main"> <h2><a href="">About</a></h2> <ul class="menu"> <li class="menu-item menu-item--collapsed"> <a href="/about/general-information" data-drupal-link-system-path="node/3197">General Information</a> </li> <li class="menu-item menu-item--expanded menu-item--active-trail"> <a href="/about/offices" data-drupal-link-system-path="node/501">Offices</a> <ul class="menu"> <li class="menu-item menu-item--collapsed"> <a href="/about/offices/domestic-finance" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/21026">Domestic Finance</a> </li> <li class="menu-item menu-item--active-trail"> <a href="/about/offices/economic-policy" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/12531" class="is-active" aria-current="page">Economic Policy</a> </li> <li class="menu-item"> <a href="https://www.financialresearch.gov/" data-display-mobile="0" data-display-desktop="0">Financial Research</a> </li> <li class="menu-item"> <a href="/data/troubled-assets-relief-program" data-display-mobile="0" data-display-desktop="0">Financial Stability</a> </li> <li class="menu-item menu-item--collapsed"> <a href="/about/offices/general-counsel" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/12441">General Counsel</a> </li> <li class="menu-item menu-item--collapsed"> <a href="/about/offices/international-affairs" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/13281">International Affairs</a> </li> <li class="menu-item"> <a href="/about/offices/legislative-affairs" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/34521">Legislative Affairs</a> </li> <li class="menu-item menu-item--collapsed"> <a href="/about/offices/management" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/15746">Management</a> </li> <li class="menu-item"> <a href="/about/offices/public-affairs" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/27686">Public Affairs</a> </li> <li class="menu-item"> <a href="/policy-issues/coronavirus" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/35786">Recovery Programs</a> </li> <li class="menu-item menu-item--collapsed"> <a href="/about/offices/tax-policy" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/12876">Tax Policy</a> </li> <li class="menu-item menu-item--collapsed"> <a href="/about/offices/terrorism-and-financial-intelligence" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/26216">Terrorism and Financial Intelligence</a> </li> <li class="menu-item"> <a href="/about/offices/treasurer" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/12851">Treasurer</a> </li> <li class="menu-item"> <a href="/policy-issues/tribal-affairs" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/8401">Tribal and Native Affairs</a> </li> </ul> </li> <li class="menu-item menu-item--collapsed"> <a href="/about/bureaus" data-drupal-link-system-path="node/506">Bureaus</a> </li> <li class="menu-item menu-item--collapsed"> <a href="/about/budget-financial-reporting-planning-and-performance" data-drupal-link-system-path="node/3217">Budget, Financial Reporting, Planning and Performance</a> </li> <li class="menu-item menu-item--collapsed"> <a href="/about/history-overview" data-drupal-link-system-path="node/591">History</a> </li> <li class="menu-item menu-item--collapsed"> <a href="/about/careers-at-treasury" data-drupal-link-system-path="node/4341">Careers at Treasury</a> </li> </ul> </nav> </div> </aside> <!-- /sidebar-first --> <section id="content"> <div id="content-area"> <div class="region region-content"> <div id="block-hamilton-page-title" data-block-plugin-id="page_title_block" class="block block-core block-page-title-block no-underline"> <h2 class="uswds-page-title"><span class="field field--name-title field--type-string field--label-hidden">Economic Policy</span> </h2> </div> <div id="block-hamilton-content" data-block-plugin-id="system_main_block" class="block block-system block-system-main-block no-underline"> <article about="/about/offices/economic-policy" class="entity--type-node"> <div> <div class="layout layout--onecol"> <div class="layout__region layout__region--content"> <div data-block-plugin-id="extra_field_block:node:page:content_moderation_control" class="block block-layout-builder block-extra-field-blocknodepagecontent-moderation-control no-underline"> </div> <div data-block-plugin-id="field_block:node:page:field_page_abstract" class="block block-layout-builder block-field-blocknodepagefield-page-abstract no-underline"> <div class="abstract field field--name-field-page-abstract field--type-text-long field--label-hidden field__item"><p>Economic Policy reports on current and prospective economic developments and assists in the determination of appropriate economic policies. The office is responsible for the review and analysis of both domestic and international economic issues and developments in the financial markets.​​​​​​</p></div> </div> <div data-block-plugin-id="field_block:node:page:field_page_body" class="block block-layout-builder block-field-blocknodepagefield-page-body no-underline"> <div class="clearfix text-formatted field field--name-field-page-body field--type-text-long field--label-hidden field__item"><h3>Mission</h3><p>The Office of Economic Policy is responsible for analyzing and reporting on current and prospective economic developments in the U.S. and world economies and assisting in the determination of appropriate economic policies. The Assistant Secretary for Economic Policy reports directly to the Secretary of the Treasury and is responsible to&nbsp;them for the review and analysis of both domestic and international economic issues and developments in the financial markets.</p><p>The Office participates, along with the Council of Economic Advisers and the Office of Management and Budget, in the preparation of the Administration's budget. Economic Policy supports the Secretary of the Treasury in&nbsp;their roles as Chairman and Managing Trustee of the Social Security and Medicare Boards of Trustees. The Office conducts research to assist in the formulation and articulation of public policies and positions of the Treasury Department on a wide range of microeconomic issues. Recent examples include terror risk insurance, financial disclosure and auditing, stock options, parallel imports, health insurance, retirement income security, and long-term care.</p><h3>Organization</h3><p>Assistant Secretary – Vacant</p><h4>Front Office</h4><p>Annelise Britten, &nbsp;Senior Policy Advisor</p><p>Sam Boocker, Senior Policy Advisor</p><p>Holly Posin, Resource Manager</p><p>Aeisha LeGrande, Senior Executive Assistant</p><p>Darlene Braxton, Administrative Specialist</p><h4>Office of Financial Analysis</h4><p>James Girola, Director</p><p>Hanjo (Terry) Kim, Financial Economist</p><h4>Office of Climate and Energy Economics</h4><p>Deputy Assistant Secretary – Vacant</p><h4>Office of Macroeconomic Analysis</h4><p>Chris Varvares, Deputy Assistant Secretary</p><p>Samuel Brown, Director</p><p>Lani Alichi, Economist</p><p>Kathleen Byrne, Senior Economist</p><p>Ethan Feilich, Economist</p><p>Robert Jackman, Economist</p><p>Andrew Martinez, Economist</p><p>Edward Olivares, Economist</p><p>Alexander Schibuola, Senior Economist</p><p>Dyanne Vaught, Economist</p><h4>Office of Microeconomic Analysis</h4><p>Laura Feiveson, Deputy Assistant Secretary</p><p>Christopher Soares, Director</p><p>Karl Dunkle Werner, Economist</p><p>Theodore Figinski, Senior Economist</p><p>Steven Johnson, Economist</p><p>Sydney Keenan, Research Analyst</p><p>Sarah Kroeger, Economist</p><p>Elizabeth Sawyer, Economic Policy Analyst</p><p>Matthijs Schendstok, Economist</p><p>Neal Stolleman, Senior Economist</p><p>Hilary Waldron, Senior Economist</p><p>Sydney Schreiner Wertz, Economist</p><h4>Social Impact Partnerships to Pay for Results Act (SIPPRA) Program</h4><p>Matthew Cook, Director&nbsp;</p><p>William Girardo, Grants Management Specialist</p><h3>History</h3><p>The primary mission of the Office of the Assistant Secretary for Economic Policy is to support the Secretary of the Treasury as the principal economic official in the government. The Office utilizes economic analysis and evaluates current economic data to assist in the determination of appropriate economic policies.</p><p>The Office of Financial Analysis, the precursor to the Office of Economic Policy, was established in late 1961 to advise the Secretary on a broad range of economic problems. Its first director was Paul Volcker (1962-1963). Under his leadership the Office undertook research projects and analyzed current developments in the economy. This Office formed the basis of the new Office of the Assistant Secretary for Economic Policy which was established on April 1, 1969. Dr. Murray Weidenbaum, the first Assistant Secretary, was sworn in on June 23, 1969.</p><p>Since the early 1970s, the Assistant Secretary for Economic Policy has served on the Troika, the unofficial name of the interagency group comprised of Treasury, the Council of Economic Advisors, and the Office of Management and Budget, that develops official economic assumptions for the President’s budget. In addition, the Assistant Secretary advises the Secretary on the economic effects of tax and budget policy.</p><p>Since the late 1970s, the Office of Economic Policy has provided the principal support to the Secretary of the Treasury in his roles as Chairman and Managing Trustee of the Social Security and Medicare Boards of Trustees. The Secretary, along with the other Trustees, sets the short-range and long-range economic and demographic assumptions used in determining the financial status of the Social Security and Medicare programs as reported annually to Congress.</p><p>In both the late 1970s and mid-1990s, the Office of Economic Policy was an important participant in the interagency groups working on health care reforms initiated by the White House. Between 1990 and 1998, the Assistant Secretary for Economic Policy had major responsibility for the analysis and collection of Treasury’s statistics on international capital movements.&nbsp; The Assistant Secretary continues to analyze international economic issues as they relate to the domestic economy.</p><p>One of the responsibilities of the new Office in the early 1970s was to put together the Revenue Sharing Program whereby a portion of federal tax dollars and decision-making power were shifted back to state and local governments. Since 1987, when Revenue Sharing was disbanded, the Office of Economic Policy has continued to study state and local finance issues and produces the index of Total Taxable Resources used in certain allocations among states of federal funds for Medicaid.</p><p>Today, the Office of the Assistant Secretary for Economic Policy carries out its functions under the direction of an Assistant Secretary. Staff economists in two offices, the Office of Macroeconomic Analysis and the Office of Microeconomic Analysis, provide the economic analysis and often collaborate with other policy offices in Treasury, including the Office of Tax Policy, the Office of Domestic Finance, and the Office of International Affairs, on a wide variety of policy issues. The Office also works with other cabinet departments and government agencies in the development of policy.</p><p>The Office of Macroeconomic Analysis routinely monitors U.S. economic data as they are released and provides the Secretary of the Treasury and other officials with daily updates and analysis of important economic statistics. In addition, the Office of Macroeconomic Analysis regularly provides in-depth analyses of major trends and developments in the U.S. economy. It also produces a suite of yield curve data sets that are made available to the public each month, including the HQM corporate bond yield curve (as mandated by the Pension Protection Act of 2006), the TNC yield curve for Treasury nominal notes and bonds, the TRC TIPS yield curve, and the TBI breakeven inflation yield curve.</p><p>The Office of Microeconomic Analysis conducts research to assist in the formulation of Treasury’s policies on a wide range of issues. Staff economists also represent the Treasury in interagency groups studying a variety of issues, including Social Security, environmental, energy, housing, infrastructure, and labor force and education policies. The Office of Microeconomic Analysis is currently responsible&nbsp;for implementing the Social Impact Partnerships to Pay for Results Act (SIPPRA), which will reward states and localities for successfully addressing entrenched social problems.</p><p>Economists also monitor certain sectors of the economy; work to improve the presentation of governmental financial statements; and perform research and analysis on policy issues in financial markets.</p><h4>Assistant Secretaries for&nbsp;Economic Policy</h4><div><span style="display:block;">Murray L. Weidenbaum – June 23, 1969 to August 13, 1971</span>&nbsp;&nbsp;<br><span style="display:block;">Edgar R. Fiedler – December 12, 1971 to July 16, 1975</span>&nbsp;&nbsp;<br><span style="display:block;">Sidney L. Jones – July 17, 1975 to January 20, 1977</span>&nbsp;&nbsp;<br><span style="display:block;">Daniel H. Brill – May 16, 1977 to September 30, 1979</span>&nbsp;&nbsp;<br><span style="display:block;">Curtis A. Hessler – April 4, 1980 to January 20, 1981</span>&nbsp;&nbsp;<br><span style="display:block;">Paul Craig Roberts – March 13, 1981 to February 1, 1982</span>&nbsp;&nbsp;<br><span style="display:block;">Manuel H. Johnson – December 10, 1982 to February 7, 1986</span>&nbsp;&nbsp;<br><span style="display:block;">Michael R. Darby – July 14, 1986 to May 22, 1989</span>&nbsp;&nbsp;<br><span style="display:block;">Sidney L. Jones – October 31, 1989 to January 11, 1993</span>&nbsp;&nbsp;<br><span style="display:block;">Alicia H. Munnell – May 20, 1993 to December 22, 1995</span>&nbsp;&nbsp;<br><span style="display:block;">Joshua Gotbaum – December 24, 1995 to June 28, 1997</span>&nbsp;&nbsp;<br><span style="display:block;">David W. Wilcox – November 6, 1997 to January 19, 2001</span>&nbsp;&nbsp;<br><span style="display:block;">Richard H. Clarida – February 7, 2002 to May 16, 2003</span>&nbsp;&nbsp;<br><span style="display:block;">Mark J. Warshawsky – March 18, 2004 to July 28, 2006</span>&nbsp;&nbsp;<br><span style="display:block;">Phillip L. Swagel – December 11, 2006 to January 20, 2009</span>&nbsp;&nbsp;<br><span style="display:block;">Alan B. Krueger – May 7, 2009 to November 4, 2010</span>&nbsp;&nbsp;<br><span style="display:block;">Janice C. Eberly – October 21, 2011 to April 30, 2013</span>&nbsp;&nbsp;<br><span style="display:block;">Karen E. Dynan – June 30, 2014 to January 20, 2017</span>&nbsp;&nbsp;<br><span style="display:block;">Michael Faulkender – August 1, 2019 to January 20, 2021</span>&nbsp;<br><span style="display:block;">Benjamin Harris – November 15, 2021 to March 30, 2023</span></div><h4>Deputy Assistant Secretaries for Economic Policy</h4><p>Beatrice N. Vaccara (Domestic Economic Analysis) – June 1977 – November 1977&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Domestic Economic Policy) – November 1977 – September 1979&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Economic Policy) – September 1979 – January 1980&nbsp;&nbsp;<br>Roger E. Shields (International Economic Analysis) – July 1977 – November 1977&nbsp;&nbsp;<br>John R. Karlik (International Economic Analysis) – December 1977 – January 1980&nbsp;&nbsp;<br>Richard F. Syron (Economic Policy) – January 1980 – January 1981&nbsp;&nbsp;<br>Stephen J. Entin (Economic Policy) – March 1981 – December 1981&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Economic Forecasting) – December 1981 – August 1988&nbsp;&nbsp;<br>Manuel H. Johnson (Economic Policy) – April 1981 – December 1982&nbsp;&nbsp;<br>Jacob S. Dreyer (Acting) (Policy Coordination) – December 1982 – February 1984&nbsp;&nbsp;<br>Dallas Sanford Batten (Policy Coordination) – June 1987 – September 1988&nbsp;&nbsp;<br>Bruce R. Bartlett (Policy Analysis) – September 1988 – October 1992&nbsp;&nbsp;<br>Robert F. Gillingham (Policy Coordination) – October 1989 – May 1998&nbsp;&nbsp;<br>Marina L. Weiss (Health Policy) – April 1993 – January 1995&nbsp;&nbsp;<br>James Bradford De Long (Policy Analysis) – June 1993 – November 1993&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Macroeconomic Analysis) – November 1993 – May 1995&nbsp;&nbsp;<br>Glen Rosselli (Policy Analysis) – March 1995 – May 1997&nbsp;&nbsp;<br>Daniel E. Sichel (Macroeconomic Analysis) – June 1995 – May 1996&nbsp;&nbsp;<br>Louise Sheiner (Acting) (Macroeconomic Analysis) – June 1996 – December 1996&nbsp;&nbsp;<br>Jonathan Gruber (Policy Analysis) – May 1997 – June 1998&nbsp;&nbsp;<br>Lynda de la Viña (Policy Coordination) – July 1998 – January 2001&nbsp;&nbsp;<br>Robert E. Cumby (Macroeconomic Analysis) – July 1998 – January 2001&nbsp;&nbsp;<br>Mark McClellan (Microeconomic Analysis) – July 1998 – January 2000&nbsp;&nbsp;<br>Douglas W. Elmendorf (Microeconomic Analysis) – June 2000 – January 2001&nbsp;&nbsp;<br>Kent Smetters (Policy Coordination) – June 2001 – October 2002&nbsp;&nbsp;<br>Mark J. Warshawsky (Microeconomic Analysis) – January 2002 – March 2004&nbsp;&nbsp;<br>James E. Carter (Policy Coordination) – November 2002 – May 2006&nbsp;&nbsp;<br>Robert Stein (Macroeconomic Analysis) – January 2004 – December 1, 2006&nbsp;&nbsp;<br>Nada Eissa (Microeconomic Analysis) – August 2005 – July 5, 2007&nbsp;&nbsp;<br>Christine McDaniel (Policy Coordination) – March 5, 2007 – January 3, 2009&nbsp;&nbsp;<br>Jeremy Rudd (Macroeconomic Analysis) – May 15, 2007 – May 12, 2008&nbsp;&nbsp;<br>Christine Dobridge (Macroeconomic Analysis – May 19, 2007 – January 20, 2009&nbsp;&nbsp;<br>Ted Gayer (Microeconomic Analysis) – July 6, 2007 – July 3, 2008&nbsp;&nbsp;<br>Aaron Klein (Policy Coordination) – April 27, 2009 – September 15, 2012&nbsp;&nbsp;<br>Ilyana Kuziemko (Microeconomic Analysis) – June 2009 – May 2010&nbsp;&nbsp;<br>Jeremy Rudd (Macroeconomic Analysis) – July 6, 2009 – July 3, 2010&nbsp;&nbsp;<br>John Shea (Macroeconomic Analysis) – July 6, 2010 – July 8, 2011&nbsp;&nbsp;<br>John Bellows (Microeconomic Analysis – October 10, 2010&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Acting Assistant Secretary –November 2010 – September 2011)&nbsp;&nbsp;<br>Stephanie Aaronson (Macroeconomic Analysis) – July 25, 2011 –July 27, 2012&nbsp;&nbsp;<br>Stephen Shore (Microeconomic Analysis) – August 16, 2011 – June 29, 2012&nbsp;&nbsp;<br>Alexander Gelber (Microeconomic Analysis) – June 18, 2012 – June 30, 2013&nbsp;&nbsp;<br>David Arseneau (Macroeconomic Analysis) – September 4, 2012 – June 21, 2013&nbsp;&nbsp;<br>Elaine Buckberg (Policy Coordination) – March 25, 2013 – January 1, 2016&nbsp;&nbsp;<br>Wesley Yin (Microeconomic Analysis) – June 26, 2013 – January 3, 2014&nbsp;&nbsp;<br>Seth Carpenter (Macroeconomic Analysis) – July 1, 2013 – July 18, 2014&nbsp;&nbsp;<br>Gerald Cohen (Macroeconomic Analysis) – July 21, 2014 – January 20, 2017&nbsp;&nbsp;<br>Jennifer Hunt (Microeconomic Analysis) -- March 17, 2014 -- June 30, 2015&nbsp;&nbsp;<br>Tara Watson (Microeconomic Analysis) -- August 17, 2015 – November 18, 2016&nbsp;&nbsp;<br>Jane Dokko (Financial Economics) – January 27, 2016 – January 20, 2017&nbsp;&nbsp;<br>Diana Furchtgott-Roth (Macroeconomic Analysis) – July 23, 2018 - February 22, 2019&nbsp;&nbsp;<br>Neil Mehrotra (Macroeconomic Analysis) – February 22, 2021 - October 14, 2022&nbsp;&nbsp;<br>Catherine Wolfram (Climate and Energy Economics) – March 31, 2021 - October 14, 2022<br>Tara Sinclair (Macroeconomic Analysis) – October 3, 2022 – June 7, 2024 &nbsp;<br>Arik Levinson (Climate and Energy Economics) – October 24, 2022 – May 31,2024<br>&nbsp;</p></div> </div> </div> </div> </div> </article> </div> </div> </div> </section> <!-- /content-inner /content --> <aside class="sidebar-second sidebars" id="sidebar-second"> <div class="region region-sidebar-second"> <div id="block-economicpolicyrightrailabout" data-block-plugin-id="block_content:fef02045-d569-4378-a8d5-fbf079716756" class="block block-block-content block-block-contentfef02045-d569-4378-a8d5-fbf079716756 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h3>Resources</h3> <p><a href="https://home.treasury.gov/policy-issues/economic-policy">Public Reports, Papers, and Data</a></p> <h3>Contact</h3> <p>Aeisha LeGrande<br /> Senior Executive Assistant<br /> 202-622-0581</p> </div> </div> </div> </aside> <!-- /sidebar-first --> </div> <!-- /mq--t --> </div> <!-- /main --> <!-- ______________________ Post Content _______________________ --> <!-- ______________________ FOOTER _______________________ --> <footer id="footer"> <div id="portal-footer"> <div class="mq--t"> <div class="inner"> <div class="region region-footer"> <nav role="navigation" aria-label="block-portalfooter-menu" id="block-portalfooter" data-block-plugin-id="menu_block:portal-footer" class="col block block-menu navigation block-system-menublock menu--portal-footer"> <h3 id="block-portalfooter-menu">Bureaus</h3> <ul class="menu"> <li class="menu-item"> <a href="http://www.ttb.gov/">Alcohol and Tobacco Tax and Trade (TTB)</a> </li> <li class="menu-item"> <a href="https://www.bep.gov/" data-display-mobile="0" data-display-desktop="0">Bureau of Engraving and Printing (BEP)</a> </li> <li class="menu-item"> <a href="http://www.fiscal.treasury.gov/">Bureau of the Fiscal Service (BFS)</a> </li> <li class="menu-item"> <a href="http://www.fincen.gov/">Financial Crimes Enforcement Network (FinCEN)</a> </li> <li class="menu-item"> <a href="http://www.irs.gov/">Internal Revenue Service (IRS)</a> </li> <li class="menu-item"> <a href="http://www.occ.gov/">Office of the Comptroller of the Currency (OCC)</a> </li> <li class="menu-item"> <a href="http://www.usmint.gov/">U.S. Mint</a> </li> </ul> </nav> <nav role="navigation" aria-label="block-portalfooter-2-menu" id="block-portalfooter-2" data-block-plugin-id="menu_block:portal-footer" class="col block block-menu navigation block-system-menublock menu--portal-footer"> <h3 id="block-portalfooter-2-menu">Inspector General Sites</h3> <ul class="menu"> <li class="menu-item"> <a href="https://oig.treasury.gov/">Office of Inspector General (OIG)</a> </li> <li class="menu-item"> <a href="http://www.treasury.gov/tigta">Treasury Inspector General for Tax Administration (TIGTA)</a> </li> <li class="menu-item"> <a href="/services/report-fraud-waste-and-abuse" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/3431">Report Scams, Fraud, Waste &amp; Abuse</a> </li> <li class="menu-item"> <a href="https://www.sigpr.gov/">Special Inspector General for Pandemic Recovery (SIGPR)</a> </li> </ul> </nav> <nav role="navigation" aria-label="block-portalfooter-3-menu" id="block-portalfooter-3" data-block-plugin-id="menu_block:portal-footer" class="col block block-menu navigation block-system-menublock menu--portal-footer"> <h3 id="block-portalfooter-3-menu">U.S. Government Shared Services</h3> <ul class="menu"> <li class="menu-item"> <a href="https://arc.fiscal.treasury.gov/" data-display-mobile="0" data-display-desktop="0">Administrative Resource Center (ARC)- Bureau of the Fiscal Service</a> </li> <li class="menu-item"> <a href="https://www.treasurydirect.gov/government/" data-display-mobile="0" data-display-desktop="0">Treasury Direct Services for Governments</a> </li> <li class="menu-item"> <a href="https://tfx.treasury.gov/fmqsmo/marketplace-catalog" data-display-mobile="0" data-display-desktop="0">Financial Management (FM) Marketplace Catalog</a> </li> </ul> </nav> <nav role="navigation" aria-label="block-portalfooter-4-menu" id="block-portalfooter-4" data-block-plugin-id="menu_block:portal-footer" class="col block block-menu navigation block-system-menublock menu--portal-footer"> <h3 id="block-portalfooter-4-menu">Additional Resources</h3> <ul class="menu"> <li class="menu-item"> <a href="/footer/privacy-act" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/4156">Privacy Act</a> </li> <li class="menu-item"> <a href="/policy-issues/small-business-programs/small-and-disadvantaged-business-utilization/bureau-small-business-specialists" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/17831">Small Business Contacts</a> </li> <li class="menu-item"> <a href="/about/budget-financial-reporting-planning-and-performance" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/3217">Budget and Performance</a> </li> <li class="menu-item"> <a href="http://www.treasurydirect.gov/">TreasuryDirect.gov Securities/Bonds</a> </li> <li class="menu-item"> <a href="/footer/freedom-of-information-act" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/4136">Freedom of Information Act (FOIA)</a> </li> <li class="menu-item"> <a href="/footer/no-fear-act" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/3771">No FEAR Act Data</a> </li> <li class="menu-item"> <a href="/footer/prohibited-personnel-practices-and-whistleblower-protection" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/3691">Whistleblower Protection</a> </li> </ul> </nav> <nav role="navigation" aria-label="block-portalfooter-5-menu" id="block-portalfooter-5" data-block-plugin-id="menu_block:portal-footer" class="col block block-menu navigation block-system-menublock menu--portal-footer"> <h3 id="block-portalfooter-5-menu">Other Government Sites</h3> <ul class="menu"> <li class="menu-item"> <a href="http://www.usa.gov/">USA.gov</a> </li> <li class="menu-item"> <a href="http://www.usajobs.gov/">USAJOBS.gov</a> </li> <li class="menu-item"> <a href="http://www.opm.gov/">OPM.gov</a> </li> <li class="menu-item"> <a href="http://www.mymoney.gov/">MyMoney.gov</a> </li> <li class="menu-item"> <a href="http://www.data.gov/">Data.gov</a> </li> <li class="menu-item"> <a href="https://www.usa.gov/forms">Forms.gov</a> </li> <li class="menu-item"> <a href="http://www.regulations.gov/">Regulations.gov</a> </li> <li class="menu-item"> <a href="http://www.paymentaccuracy.gov/">PaymentAccuracy.gov</a> </li> <li class="menu-item"> <a href="http://www.socialsecurity.gov/myaccount/">my Social Security</a> </li> <li class="menu-item"> <a href="https://vote.gov/" data-display-mobile="0" data-display-desktop="0">Vote.gov</a> </li> </ul> </nav> </div> </div> </div> </div> <!-- /footer --> <!-- ______________________ Post FOOTER _______________________ --> <div id="post-footer"> <div class="mq--t"> <div class="inner"> <div class="col-1"> <div class="region region-post-footer"> <nav role="navigation" aria-label="block-languages-menu" id="block-languages" data-block-plugin-id="menu_block:languages" class="block block-menu navigation block-system-menublock menu--languages"> <div class="lang-menu"> <ul> <li> <a href="https://home.treasury.gov/utility/languages/alrbyt-arabic" lang="ar" title="Arabic">العربية</a> </li> <li> <a href="https://home.treasury.gov/utility/languages/zhongwenchinese" lang="zh" title="Chinese">中文</a> </li> <li> <a href="https://home.treasury.gov/utility/languages/espanol" lang="es" title="Spanish">Español</a> </li> <li> <a href="https://home.treasury.gov/utility/languages/korean" lang="ko" title="Korean">한국어</a> </li> <li> <a href="https://home.treasury.gov/utility/languages/tagalog" lang="tl" title="Tagalog">Tagalog</a> </li> <li> <a href="https://home.treasury.gov/utility/languages/tiengviet-vietnamese" lang="vi" title="Vietnamese">TiếngViệt</a> </li> </ul> </div> </nav> <nav role="navigation" aria-label="block-utilityfooter-menu" id="block-utilityfooter" data-block-plugin-id="menu_block:utility-footer" class="block block-menu navigation block-system-menublock menu--utility-footer"> <div class="site-menu"> <ul> <li> <a href="https://home.treasury.gov/subfooter/privacy-policy" title="Privacy Policy">Privacy Policy</a> </li> <li> <a href="https://home.treasury.gov/subfooter/google-privacy-policy" title="Google Privacy">Google Privacy</a> </li> <li> <a href="https://home.treasury.gov/subfooter/site-policies-and-notices" title="Site Policies and Notices">Site Policies and Notices</a> </li> <li> <a href="https://home.treasury.gov/faqs" title="FAQs">FAQs</a> </li> <li> <a href="https://www.treasury.gov/pages/tgovproblemsfeedbackform.aspx" title="Feedback">Feedback</a> </li> <li> <a href="/about/careers-at-treasury" data-display-mobile="0" data-display-desktop="0" title="Careers" data-drupal-link-system-path="node/4341">Careers</a> </li> <li> <a href="/utility/accessibility" data-display-mobile="0" data-display-desktop="0" title="Accessibility" data-drupal-link-system-path="node/3851">Accessibility</a> </li> <li> <a href="/utility/contact" data-display-mobile="0" data-display-desktop="0" data-drupal-link-system-path="node/4461">Contact</a> </li> </ul> <div class="site-plugins"> Required Plug-ins <a href="http://get.adobe.com/reader/">Adobe® Reader®</a> </div> </div> </nav> <div id="block-javascripttemporaryfixforfacebooklinkinfooter" data-block-plugin-id="block_content:07b6c9dc-f9a7-4b47-81bb-567eb4c4cc67" class="block block-block-content block-block-content07b6c9dc-f9a7-4b47-81bb-567eb4c4cc67 no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><script type="text/javascript"> jQuery(document).ready(function(){ jQuery("li.facebook a").attr("href", "https://www.facebook.com/USTreasuryDept"); jQuery( ".twitter-feed .block-region-col6" ).replaceWith( '<div class="mm-news-block mobile-card view view-mega-menu-news view-id-mega_menu_news view-display-id-block_3"><h2>Stay Connected</h2><div class="view-content"><div class="mm-news-row"><p><a href="https://twitter.com/USTreasury" class="twitterlink">Twitter</a></p><p><a href="https://www.facebook.com/USTreasuryDept" class="twitterlink">Facebook</a></p><p><a href="https://www.linkedin.com/company/us-treasury" class="twitterlink">LinkedIn</a></p></div></div></div>'); }); </script> <style type="text/css"> #navigation .nav-item { box-sizing: content-box; } #block-javascripttemporaryfixforfacebooklinkinfooter { margin: 0 0 0 0; padding: 0 0 0 0; display:none; } /** Visibility fix - prevents slideshow showing all slides during initialization. */ .slick__slide { max-width: 100%; position: absolute; visibility: hidden; } .slick__slide.slide--0 { position: relative; } .unslick .slick__slide, .slick-initialized .slick__slide { position: relative; visibility: visible; } .view-slideshow-slides .slide__image .field-content:before, .treas-slideshow .slide__image .field-content:before { background-color: transparent; background-image: linear-gradient(45deg, black 0%, transparent 67%); } </style></div> </div> </div> </div> <div class="col-2"> <div class="region region-social-media-footer"> <div id="block-hamilton-footersocialmediaicons" data-block-plugin-id="block_content:ed32fb16-5933-4422-8f38-c11d1f1b7dfe" class="block block-block-content block-block-contented32fb16-5933-4422-8f38-c11d1f1b7dfe no-underline"> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><div class="social--small"><ul><li class="twitter first padding-right-05"><a class="external" href="https://twitter.com/USTreasury" aria-label="Twitter"><span>Twitter</span><svg aria-hidden="true" tabindex="-1" viewBox="0 0 1200 1227" xmlns="http://www.w3.org/2000/svg"><path d="M714.163 519.284L1160.89 0H1055.03L667.137 450.887L357.328 0H0L468.492 681.821L0 1226.37H105.866L515.491 750.218L842.672 1226.37H1200L714.137 519.284H714.163ZM569.165 687.828L521.697 619.934L144.011 79.6944H306.615L611.412 515.685L658.88 583.579L1055.08 1150.3H892.476L569.165 687.854V687.828Z"></path></svg></a></li><li class="facebook"><a class="external" href="https://www.facebook.com/USTreasuryDept" aria-label="Facebook"><span>Facebook</span><svg aria-hidden="true" tabindex="-1" viewBox="0 0 11 19" xmlns="http://www.w3.org/2000/svg"><path d="M9.72243 10.375H7.08571V18.25H3.57008V10.375H0.722427V7.10547H3.57008V4.64453C3.57008 3.70703 3.74586 2.91016 4.09743 2.25391C4.44899 1.59766 4.94118 1.10547 5.57399 0.777344C6.23024 0.425781 6.98024 0.25 7.82399 0.25C8.19899 0.25 8.59743 0.273438 9.0193 0.320312C9.44118 0.34375 9.7693 0.378906 10.0037 0.425781L10.3552 0.460938V3.23828H8.94899C8.29274 3.23828 7.81227 3.41406 7.50758 3.76562C7.22633 4.09375 7.08571 4.50391 7.08571 4.99609V7.10547H10.2146L9.72243 10.375Z"></path></svg></a></li></ul></div></div> </div> </div> </div> </div> </div> </div> <!-- /footer --> </footer> </div> <!-- /page --> </div> <script src="/sites/default/files/js/js_DhFSOgUYaCDMHxMWMBAVVHk3pYcrdjPjnQoEPy1DFoE.js?scope=footer&amp;delta=0&amp;language=en&amp;theme=hamilton&amp;include=eJx1j1EOwyAMQy9EmyOhFAJlAqKR0Km3H_sp0ropUmQ_-8eBq-KLhAtBmHqVI5rwP1tlT8VE5pjJYsV8anIC38DsWFJWrpDTZrQRSm-nddwIHs9OQ3tUCtwK6swHG7dlEvjBZq9QxPFqhzuaLUlKV2H5ONMlkI982NuCzOiXyy7O1zck6HRa"></script> <script src="https://dap.digitalgov.gov/Universal-Federated-Analytics-Min.js?agency=TRE&amp;pua=UA-19138737-19" id="_fed_an_ua_tag"></script> </body> </html>

Pages: 1 2 3 4 5 6 7 8 9 10