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United States Deputy Secretary of the Treasury

From Wikipedia, the free encyclopedia

The deputy secretary of the treasury of the United States advises and assists the Secretary of the Treasury in the supervision and direction of the Department of the Treasury and its activities, and succeeds the Secretary in the secretary's absence, sickness, or unavailability. The Deputy Secretary plays a primary role in the formulation and execution of Treasury policies and programs in all aspects of the Department's activities.[1] In addition, the Deputy Secretary is the only official other than the secretary who can sign a Treasury order, which is a document that delegates authority residing in the secretary or Deputy Secretary to another Treasury official, establishes Treasury policy, and establishes the reporting relationships and supervision of officials.[2] Former deputy secretaries include Roger Altman,[3] Lawrence Summers,[4] Stuart E. Eizenstat,[5] Kenneth W. Dam,[6] and Samuel Bodman.[7]

Quick facts: Deputy Secretary of the Treasury of the Unite...
Deputy Secretary of the Treasury of the United States
Seal of the Department of Treasury
Flag of the Deputy Secretary of Treasury
Wally Adeyemo
since March 26, 2021
U.S. Department of Treasury
Reports toSecretary of the Treasury
SeatTreasury Building
Washington, D.C.
with Senate advice and consent
Term lengthNo fixed term
FormationFebruary 16, 1981 (1981-02-16)
First holderR. T. McNamar
SalaryExecutive Schedule, level 2

The office of Deputy Secretary is the successor of the "Under Secretary of the Treasury", the former chief deputy to the secretary. Today, several officials hold the title of "Under Secretary" of the Treasury. Among those who served as under secretary when it was the number-two position in the department include Dean Acheson, Henry Morgenthau Jr., John W. Hanes II, and O. Max Gardner (1946–1947).[8][9]

The prior Deputy Secretary was Justin Muzinich. President Donald Trump announced his nomination of Muzinich on March 13, 2018. The nomination was confirmed by the U.S. Senate on a vote of 55–44.[10][11]

The current Deputy Secretary is Wally Adeyemo, who is serving in the Biden administration and is the first African American Deputy Secretary of the Treasury.