See: Treasury Bill.
The U.S. Treasury: Est. 1789. It’s the U.S. government’s treasury, which issues Treasury bills (less than a year-long holding), Treasury notes (mature in under ten years), and Treasury bonds (mature at 20 or 30 years). It also holds all of the U.S. government’s cash-money.
Speaking of the IRS, the U.S. Treasury includes the IRS (the Internal Revenue System) as well as the U.S. Mint (where USDs are born), the Bureau of the Public Debt, and the Alcohol and Tobacco Tax and Trade Bureau.
The U.S. Treasury sometimes hangs out with the Fed, a.k.a. the Federal Reserve, the U.S.’s central bank. They gotta talk about inflation and the value of the dollar abroad. Gotta make sure things are looking a-okay.
The goal? Keep the economy running smoothly...and hopefully in an upward direction. Economic growth, security, and stability are all on the Treasury’s agenda.
Related or Semi-related Video
Finance: What is a Pension?31 Views
finance a la shmoop. what is a pension? well it rhymes with tension, and likely
for good reason. if you're a teachers pension or a fireman's pension or [person wearing dark glasses writes something down]
another state employees pension that's backed up by a state that's going
bankrupt. Hi, California, Hi Illinois. well we're looking at you. all right people
well a pension is another term for a retirement fund. but what's special about
a pension is that the employer essentially forces you to put away money
for your retirement and then they invested for you.
how nice. or at least be sure you invest it well on a salary of 75 grand a state [gambling table shown]
employed ditch-digger might get a contribution of say 10 grand a year into
her pension, and that's each year 10 grand of forced savings for as long as
she you know digs ditches for the state. and in some states where the unions are
strong in the governing financial knowledge is weak the government
guarantees a minimum financial return on the pension investment made on behalf of
the employees. that is in California for example the state guarantees a 10% per
year return on their invested pension savings. if the invested return like [equation]
investing it in Wall Street and stocks and bonds and private equity funds and
all that stuff well if that invested return is less than that number less
than that 10%, then the state rights to the pinch and a check to cover the
incremental difference. yeah it's a huge Delta and it's well pretty much why you
a Californian Illinois you're going bankrupt remember. Jesus Saves
but Moses invests. [ Moses, holding stone tablets glares and demands interest]
Up Next
What are government bonds? Uncle Sam needs dough. He sells bonds in the form of T-Bills, T-Notes, Treasury paper of all flavors. His credo? The cre...
What are Treasury Bills? Like other debt finance platforms, the US government issues its debt in several ways, and has different terms for each. Tr...