Whichever party is in office, the Treasury is in power.
Sentiment: NEGATIVE
This Department of Treasury, run by this administration, using the same tried and true accounting methods that every business in America uses, cast new light on the fiscal severity that our Nation is facing, what some would call a mess.
The Republican Party is in charge. They've been charge of the Congress and spending for 10 years.
Who controls the issuance of money controls the government!
Government stimulates the democrat party.
The Congress is a power-oriented party.
In many cases, the Treasury will get preferred or convertible preferred stock for the money it gives to banks. These shares typically don't have voting rights, possibly to give more of a hands-off appearance to the government.
The priority is to put bills on the president's desk that will move the country forward.
As treasury secretary, I don't see it as my role commenting on the dollar in short-term movements.
The Fed is the major U.S. firefighter. It's not the Treasury. It's not the Congress. We certainly saw that vividly in 2008.
In the scheme of our national government, the presidency is preeminently the people's office.