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WASHINGTON – U.S. Treasury Secretary Tim Geithner today appointed Richard L. (Dick) Gregg to the position of Fiscal Assistant Secretary. Gregg has been Acting Fiscal Assistant Secretary since May 2009 while his predecessor, the late Fiscal Assistant Secretary, Kenneth E. Carfine, was on extended medical leave.
Dick Gregg is well known as one of the finest senior leaders and best managers in the federal government. His track record includes more than 40 years of federal service, including more than 37 years at Treasury, said Secretary Geithner. Over the last year, during a time of extraordinary challenge in our economy, Dick has brought a wealth of experience and steady leadership to the Department by serving as Acting Fiscal Assistant Secretary. I am confident he will continue to serve in the same distinguished manner in his permanent role. The Treasury Department and the nation are fortunate that he has agreed to continue to serve in this critically important position.
Prior to his previous retirement from the Treasury Department on May 30, 2006, Gregg was the Commissioner of the Financial Management Service for nine years and before that served as Commissioner of the Bureau of the Public Debt for 10 years. Gregg also held numerous other management positions at Treasury during his career.
The Fiscal Assistant Secretary, who reports to the Under Secretary for Domestic Finance, is responsible for developing policy on payments, collections, debt financing operations, electronic commerce, government wide accounting, and government investment fund management. The responsibility also includes managing the government's daily cash position and producing the cash and debt forecasts used to determine the size and timing of the government's financing operations.
The Fiscal Assistant Secretary also oversees the Financial Management Service and the Bureau of the Public Debt. These Treasury bureaus provide the financial infrastructure of the Federal government, including payments, collections, cash management, financing, central accounting, issuance of Treasury securities, and delinquent debt collection.
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