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 advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is, by custom, a member of the president's cabinet and, by law, a member of the National Security Council.
The Treasurer of the United States is an officer in the United States Department of the Treasury who serves as the custodian and trustee of the federal government's collateral assets and the supervisor of the department's currency and coinage production functions. As of September 12, 2022, the treasurer is Marilynn Malerba, who is the first Native American to hold the office.
Janet Louise Yellen is an American economist serving as the 78th United States secretary of the treasury since January 26, 2021. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018. She is the first woman to hold either post, and has also led the White House Council of Economic Advisers.
Tax competition, a form of regulatory competition, exists when governments use reductions in fiscal burdens to encourage the inflow of productive resources or to discourage the exodus of those resources. Often, this means a governmental strategy of attracting foreign direct investment, foreign indirect investment, and high value human resources by minimizing the overall taxation level and/or special tax preferences, creating a comparative advantage.
The Civil Service Retirement System (CSRS) is a public pension fund organized in 1920 that has provided retirement, disability, and survivor benefits for most civilian employees in the United States federal government. Upon the creation of a new Federal Employees Retirement System (FERS) in 1987, those newly hired after that date cannot participate in CSRS. CSRS continues to provide retirement benefits to those eligible to receive them.
Yellen is a surname. Notable people with the surname include:
Richard W. Fisher is the former President and CEO of the Federal Reserve Bank of Dallas, having served in that post from April 2005 to 2015. He is a Senior Advisor to Barclays Plc, a British bank holding company, a Director of PepsiCo, and a Senior Contributing Editor for CNBC. From 2011 to 2017, he served on the Harvard Board of Overseers.
Since 2004, Forbes, an American business magazine, has published an annual list of its ranking of the 100 most powerful women in the world. Edited by prominent Forbes journalists, including Moira Forbes, the list is compiled using various criteria such as visibility and economic impact. In 2023, the gauge was "money, media, impact and spheres of influence". The top 10 per year are listed below.
Lael Brainard is an American economist serving as the 14th director of the National Economic Council since February 21, 2023. She previously served as the 22nd vice chair of the Federal Reserve between May 2022 and February 2023. Prior to her term as vice chair, Brainard served as a member of the Federal Reserve Board of Governors, taking office in 2014. Before her appointment to the Federal Reserve, she served as the under secretary of the treasury for international affairs from 2010 to 2013.
Sarah Bloom Raskin is an American attorney and financial markets policymaker who served as the 13th United States Deputy Secretary of the Treasury from 2014 to 2017. Raskin previously served as a member of the Federal Reserve Board of Governors from 2010 to 2014. She also was Maryland Commissioner of Financial Regulation. She was a Rubenstein Fellow at Duke University. She is currently the Colin W. Brown Distinguished Professor of the Practice of Law at Duke Law School. She is also a Senior Fellow at the Duke Center on Risk. She also serves as a Partner at Kaya Partners, Ltd., a climate advisory firm.
Liu He (simplified Chinese: 刘鹤; traditional Chinese: 劉鶴; pinyin: Liú Hè; Wade–Giles: Liu2 Ho4; lit. 'Liu Crane'; born 25 January 1952) is a Chinese economist and retired politician who served as a vice premier of the People's Republic of China from 2018 to 2023. Additionally, he served as the director of the Office serving the Central Financial and Economic Affairs Commission of the Chinese Communist Party (CCP) from 2013 to 2023, the director of the Financial Stability and Development Committee from 2017 to 2023, as well as a member of the Politburo of the Chinese Communist Party from 2017 to 2022.
He Lifeng is a Chinese economist and politician who has served as vice premier of the People's Republic of China since March 2023. He has additionally been a member of the Politburo of the Chinese Communist Party since October 2022, and served as the director of the Office of the Central Financial and Economic Affairs Commission since October 2023.
Andrew P. Baukol is an American financial policy advisor who served as the acting United States secretary of the treasury for the first week of the Biden administration. Baukol served in an interim capacity until Biden's nominee, Janet Yellen, was confirmed by the United States Senate. He then became Treasury's acting Under Secretary for International Affairs.
Jay C. Shambaugh is an American economist who has served as Under Secretary of the Treasury for International Affairs at the U.S. Department of the Treasury since January 2023.
Friendshoring or allyshoring meaning the act of manufacturing and sourcing from countries that are geopolitics allies which makes it a synonym for trade bloc. Some companies and governments pursue friendshoring as a way to continue accessing international markets and supply chains while reducing certain geopolitical risks. However, friendshoring brings risks of its own, including more expensive manufacturing and reduced economic output.
Selex Motors is a Vietnamese electric vehicle startup that develops a comprehensive battery swapping station comprising their flagship electric scooters, universal battery packs, battery swapping station network, as well as a smart IoT-based management platform. The startup has presence in 3 major cities in Vietnam: Hanoi, Ho Chi Minh City and Hue.
Scott Kennedy is an American political scientist and China specialist currently serving as senior adviser and Trustee Chair in Chinese Business and Economics at the Center for Strategic and International Studies (CSIS).
Smuggling of fentanyl from China to the United States has significantly contributed to the opioid epidemic in the United States, an issue that has persisted since the 1990s. Despite stringent domestic drug laws resulting in relatively low levels of drug use within China itself, the country's regulations on the production and export of drug precursors, including fentanyl, remain relatively relaxed. The Chinese government has long denied China is the main source of fentanyl to the United States, blaming the U.S. market's role in driving opioid demand, and rebuffing US's attempts for it to enforce regulations, saying it is a US domestic issue. The issue has put a major strain in China–United States relations.
