Treasury’s No. 2 Jumps Ship Just Months After Confirmation
Deputy Secretary of the Treasury, Michael Faulkender, leaves the agency less than five months after being confirmed by the Senate.
Friday, two anonymous sources confirmed in Politico that Faulkender, who was confirmed by the Senate at the end of March, Often of its role in the Treasury Department, as reported by the Wall Street Journal for the first time. Faulkender’s departure from the Treasury Department comes two weeks after President Donald Trump withdrew the former commissioner of the Internal Revenue Service (IRS), Billy Long, from his role on August 8.
“I would like to thank Deputy Secretary Faulkender for his dedication and service,” the Treasury Secretary Scott Bessent said in a statement to the Daily Caller News Foundation on Friday. “Since January, he has played an essential role in the supervision of the American department of treasure operations and the execution of the bold economic agenda of President Trump.”
“His important work supported the adoption of the historic law One Big Beautiful Bill and Genius, and the leveling of sanctions against our opponents,” added Bessent. (Related: Scott brutalizes the predecessor of the Biden era after invoking China to try to dirty Trump)
Washington, DC – April 02: Deputy Secretary of the Treasury, Michael Faulkender, left after the US President Donald Trump signs executive decrees imposing prices on imported goods during a commercial announcement “Make America Relahy Again” in Rose Garden at the White House on April 2, 2025 in Washington, DC. Stopping the event as a “liberation day”, Trump announced new prices for new prices targeting goods imported into the United States in countries such as China, Japan and India. (Photo of Andrew Harnik / Getty Images)
Faulkender was previously a member of the faculty at the Wharton School of the University of Pennsylvania, at the Kellogg school of Northwestern University and at the Olin school of the University of Washington in St. Louis. He too was chief economist at America First Institute aligned by Trump from 2022 to January 2025.
In addition, Trump fired Labor statistics Commissioner (BLS) Erika MCENTARFER On August 1, shortly after the publication of a disappointing report in July jobs. The president announced on August 11 That he chose the conservative economist, Dr. EJ Antoni, to replace MCENTARFER as the next BLS commissioner.
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