DEPARTMENT OF THE TREASURY Definition & Meaning

Department of the Treasury

noun

the department of the U.S. federal government that collects revenue and administers the national finances. : TD

Department of the Treasury

A department of the federal executive branch ; it includes the Internal Revenue Service (see also Internal Revenue Service ) (IRS). The Department of the Treasury has general responsibility for setting federal fiscal policy by collecting taxes and customs duties , administering the public debt , keeping all government accounts, minting currency , and licensing ships engaged in international and interstate commerce. The Department of the Treasury administers the Secret Service .

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Example Sentences

Examples have not been reviewed.

The student loan programs for higher education could transfer to the Small Business Administration, the Department of the Treasury or the Department of Commerce.

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Also on Friday, the US Department of the Treasury said it had sanctioned 183 vessels that are "part of the shadow fleet as well as oil tankers owned by Russia-based fleet operators".

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The latest hack, announced on Monday, targeted the US Department of the Treasury, which called the infiltration a "major incident".

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As of 2021, roughly half of Americans live in so-called “child care deserts,” areas where there’s only one daycare spot for every three kids, according to the Department of the Treasury.

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Australia's Department of the Treasury has called those projections "doubtful" but has not released its own modelling on the economic impact of the changes.

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