The United States Deputy Secretary of the Treasury, in the United States government, advises and assists the

Secretary of the Treasury The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal a ...

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. 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. Former deputy secretaries include

Roger Altman Roger Charles Altman (born April 2, 1946) is an American investment banker, the founder and senior chairman of Evercore, and a former Democratic politician. He served as Assistant Secretary of the Treasury in the Carter administration from Jan ...

Lawrence Summers Lawrence Henry Summers (born November 30, 1954) is an American economist who served as the 71st United States secretary of the treasury from 1999 to 2001 and as director of the National Economic Council from 2009 to 2010. He also served as pre ...

, Stuart E. Eizenstat, Kenneth W. Dam, and

Samuel Bodman Samuel Wright Bodman III (November 26, 1938 – September 7, 2018) was an American businessman, engineer, and politician who served as the 11th United States Secretary of Energy during the George W. Bush administration, from 2005 to 2009. He wa ...

. 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 Dean Gooderham Acheson (pronounced ; April 11, 1893October 12, 1971) was an American statesman and lawyer. As the 51st U.S. Secretary of State, he set the foreign policy of the Harry S. Truman administration from 1949 to 1953. He was also Truman ...

Henry Morgenthau Jr. Henry Morgenthau Jr. (; May 11, 1891February 6, 1967) was the United States Secretary of the Treasury during most of the administration of Franklin D. Roosevelt. He played a major role in designing and financing the New Deal. After 1937, while ...

John W. Hanes II John Wesley Hanes II (April 24, 1892 – December 24, 1987) was an American investment banker and corporate turnaround specialist who served as Under Secretary of the United States Treasury and was President of the New York Racing Association a ...

, and

O. Max Gardner Oliver Max Gardner (March 22, 1882February 6, 1947) was an American politician who served as the List of Governors of North Carolina, 57th Governor of North Carolina, governor of the U.S. state of North Carolina from 1929 to 1933. A member of the ...

(1946–1947). The prior Deputy Secretary was

Justin Muzinich Justin George Muzinich (born November 5, 1977) is an American businessman and former Donald Trump administration official who served as the United States Deputy Secretary of the Treasury, from December 2018 to January 2021. Muzinich previously s ...

. President

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pe ...

announced his nomination of Muzinich on March 13, 2018. The nomination was confirmed by the

U.S. Senate The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and powe ...

on a vote of 55–44. The current Deputy Secretary is

Wally Adeyemo Adewale "Wally" Adeyemo (born May 20, 1981) is a Nigerian-American government official serving as the Deputy Secretary of the Treasury, United States deputy secretary of the treasury. He was the first president of the Obama Foundation and also se ...

, who is serving in the

Biden administration Joe Biden's tenure as the 46th president of the United States began with his inauguration on January 20, 2021. Biden, a Democrat from Delaware who previously served as vice president under Barack Obama, took office following his victory ...

and is the first African American Deputy Secretary of the Treasury.

List of deputy secretaries of the treasury

References

{{DEFAULTSORT:United States Deputy Secretary Of The Treasury Deputy Secretary

Treasury A treasury is either *A government department related to finance and taxation, a finance ministry. *A place or location where treasure, such as currency or precious items are kept. These can be state or royal property, church treasure or in p ...