Department of the Treasury

noun

1. the department of the U.S. federal government that collects revenue and administers the national finances. : TD

Department of the Treasury

1. A department of the federal executive branch ; it includes the Internal Revenue Service (see also Internal Revenue Service ) (IRS). The Department of the Treasury has general responsibility for setting federal fiscal policy by collecting taxes and customs duties , administering the public debt , keeping all government accounts, minting currency , and licensing ships engaged in international and interstate commerce. The Department of the Treasury administers the Secret Service .