Nathan Tankus
speaker
348 appearances
2 recordings
1 series
first heard Feb 2025
last heard 17 Jul
Nathan Tankus’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
Well, we'll say not Substack anymore, but thank you very much,
The Bureau of the Fiscal Service is a sleepy, obscure part of the United States Treasury that makes sure that all of the sort of operational things that the Treasury Department is doing operates.
So, you know, you can have big conversations about foreign currency, about issuing Treasury securities.
About Social Security and Medicare and government spending and tax collection.
Of course, you know, the tax collection is the is an IRS prerogative, but the other side of that, the sort of flip side of the IRS with tax collection is
Yeah.
The payment side and of course those tax collections.
in turn run through the payment system.
The Bureau of the Fiscal Service is what sends out tax refunds.
So tax refunds are not actually technically an IRS prerogative in terms of making make had those payments going out.
And
The Bureau of the Fiscal Services, what does that?
88% of government payments flow through this system every year.
And it is what I've described as the beating, pulsating heart of the federal government's payments.
Um, before you get to the banking system, before you get to the Federal Reserve, this is the heart.
This is the artery that is making it all function.
It is the most important aspect of the federal government, even though no one's ever heard of it.
It's an i incredibly complex task.
I mean, i we're talking about a mind-boggling scale of
payment process that you have to do and in and and there's a physical architecture to the system.
Showing 201–220 of 348 · page 11 of 18
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