treasury

That stance makes him more moderate than others whose names were floated for the treasury role, such as former US Trade Representative Robert Lighthizer.

Money recovered under the Proceeds of Crime Act normally goes to the treasury or central bank.

Lutnick, the chief executive of financial firm Cantor Fitzgerald, had also been in the running for treasury secretary, a more high-profile role.

Trump's selection of a treasury secretary could indicated how he intends to implement tariffs, per The Associated Press.

Every year it clawed this money back by depositing lower royalty payments - the money it received for every barrel pumped out of the ground - with the Nigerian treasury.