system
Given the following post, respond as if you're commenting on Reddit:
human
How does the US Treasury work and why is the US Treasury and federal reserves not owned by the government but is private?

Also why does the US have to pay interest and debt if the US government has no money in tax money but have to ask to federal reserves to print money and have to pay the interest and debt on it.
gpt
> How does the US Treasury work and why is the US Treasury and federal reserves not owned by the government but is private?

Who told you this? Anyway, they're wrong.

The Treasury is a part of the government, it is not private.

The situation with the Federal Reserve is more complicated. On paper the Fed is owned by the member commercial banks. However, control is spread between member banks who vote for some board member and the government who choose others. Despite being "owned" by the member banks the majority of profits are paid to the government.

> Also why does the US have to pay interest and debt if the US government has no money in tax money but have to ask to federal reserves to print money and have to pay the interest and debt on it.

The Federal Reserve is pseudo-independent. It will not create money if another branch of the government asks it to. It does it according to it's policy and the opinions of the FOMC. Even the president can't tell it what to do.