Deputy Treasury Secretary Michael Faulkender is leaving the U.S. Treasury Department, the agency confirmed on Friday. Treasury Secretary Scott Bessent thanked Faulkender for his “dedication and service,” saying the deputy played a “critical role” in overseeing department operations and advancing President Donald Trump’s economic agenda. Faulkender’s exit comes less than five months after the Senate confirmed him to the No. 2 post on March 26. His sudden departure makes him the second Senate-confirmed Treasury official to leave this month, following the resignation of Internal Revenue Service Commissioner Billy Long. The Wall Street Journal, citing people familiar with the matter, reported that Faulkender was pushed out after clashing with Long and frustrating President Trump, who concluded the deputy was not fully aligned with the administration’s second-term priorities. The Treasury Department did not provide a reason for the move, and no successor has been named.
Faulkender's departure was sudden- here he is being ceremonially sworn in by Secretary Bessent in April. Just months later, Faulkender is out and former IRS chief Billy Long, who he clashed with, is on his way to becoming an ambassador to Iceland. https://t.co/4jYEusVU1z https://t.co/3nuUUyNuTL
Friday night firing. Keep an eye on what is going on at the IRS and the Treasury. If he was feuding with the IRS Commissioner, who was recently fired, why does he need to be pushed out? The problem is gone. From the WSJ: https://t.co/xgyZNu3AKj
Michael Faulkender, U.S. Treasury Department's No. 2 official, set to depart, WSJ reports https://t.co/8XXFrXMD6K https://t.co/8XXFrXMD6K