The Treasury Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions.
The Department of the Treasury operates and maintains systems that are critical to the nation's financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government.
The Office of Domestic Finance, headed by the Under Secretary, advises and assists the Secretary and Deputy Secretary on the domestic financial system, fiscal policy and operations, governmental assets and liabilities, and related economic and financial matters.
These reports include the Daily Treasury Statement, the Monthly Treasury Statement of Receipts and Outlays of the United States Government, and the Monthly Statement of the Public Debt.
The debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations.
The Council is charged with identifying risks to the financial stability of the United States; promoting market discipline; and responding to emerging risks to the stability of the United States' financial system.
The Restore Act established the Gulf Coast Restoration Trust Fund in the U.S. Treasury Department. Treasury is responsible for issuing compliance and auditing procedures for the entire Act and procedures for two grant programs administered by Treasury.