Congressional Digest

Congressional Digest April 1998 No. 4 Vol. 77
U.S. Department of the Treasury

International Monetary Fund

Reassessing the IMF Role in the New World Economy

U.S. Department of the Treasury

Robert E. Rubin, Secretary

The U.S. 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. Secretary Rubin has served in his current post since 1995. From 1993 to 1995, he served in the White House as Assistant to the President for Economic Policy, directing the activities of the National Economic Council. Prior to joining the Administration he spent 26 years at Goldman, Sachs & Co. The following statement is from a January 30, 1998, hearing before the House Committee…

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