Office of Fiscal Service Archives Trust Fund Boards, is a statutory member of the government wide Chief Financial Officers Council, and serves as liaison to the Federal Reserve System in its capacity as Treasury's fiscal agent) Under the office is the Bureau of the Fiscal Service (formerly the Financial Management Service and the Bureau of the Public Debt). The Office of Fiscal Operations and Policy, led by the Deputy Assistant Secretary for Fiscal Operations and Policy, oversees the development and implementation of policies relating to the government's cash management, operations, investment and administration of trust funds, payments, collections, and debt collections. Within the Office
Fiscal policy a lower aggregate demand for goods and services, contrary to the objective of a fiscal stimulus. Neoclassical economists generally emphasize crowding out while Keynesians argue that fiscal policy can still be effective especially in a liquidity trap where, they argue, crowding out is minimal. Some classical and neoclassical economists argue that crowding out completely negates any fiscal stimulus; this is known as the Treasury View, which Keynesian economics rejects. The Treasury View refers to the theoretical positions of classical economists in the British Treasury, who opposed Keynes' call in the 1930s for fiscal stimulus. The same general argument has been