Congressional Digest

Congressional Digest December 2000 No. 12 Vol. 79
U.S. Department of the Treasury

Strategic Petroleum Reserve

America's Oil Dependence and its Consequences

U.S. Department of the Treasury

David Wilcox, Assistant Secretary for Economic Policy

The Treasury Department, created in 1789, performs four basic functions: formulating and recommending economic, financial, tax, and fiscal policies; serving as financial agent for the U.S. Government; enforcing the law; and manufacturing coins and currency. David Wilcox assumed his current position in 1997. Before coming to Treasury, he was a senior economist at the Federal Reserve Board in the Division of Monetary Affairs and, before that, in the Division of Research and Statistics. He also served as a Senior Economist with the Council of Economic Advisers. The following statement is from October 19, 2000, hearings before the Subcommittee on Energy…

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