Michael Faulkender
Michael Faulkender | |
|---|---|
Official portrait, 2025 | |
| 16th United States Deputy Secretary of the Treasury | |
| In office March 28, 2025 – August 22, 2025 | |
| President | Donald Trump |
| Secretary | Scott Bessent |
| Preceded by | Wally Adeyemo |
| Commissioner of Internal Revenue | |
Acting | |
| In office April 18, 2025 – June 16, 2025 | |
| President | Donald Trump |
| Preceded by | Gary Shapley (acting) |
| Succeeded by | Billy Long |
| Assistant Secretary of the Treasury for Economic Policy | |
| In office August 6, 2019 – January 20, 2021 | |
| President | Donald Trump |
| Preceded by | Karen Dynan |
| Succeeded by | Ben Harris |
| Personal details | |
| Born | 1974 (age 50–51) |
| Education | University of California, Davis (BS) Northwestern University (PhD) |
Michael Faulkender (born 1974) is an American politician and academic who was the 16th United States Deputy Secretary of the Treasury for a few months in 2025. He was the Dean's Professor of Finance and former associate dean of master's programs and professor of finance at the Robert H. Smith School of Business at the University of Maryland.[1] He is known for his research businesses and tax practices.
In December 2024, U.S. president-elect Donald Trump nominated Faulkender as United States Deputy Secretary of the Treasury. On March 14, 2025, the committee voted to move his nomination forward to Senate vote, with a vote of 14-13.[2] He was confirmed on March 26, 2025.[3]
Before, he worked under Trump's first term as the assistant secretary of the treasury for economic policy from 2019 to 2021.[4]
On August 22, 2025, The Wall Street Journal reported that Faulkender was set to resign after having some disagreements with Treasury Department officials.[5]
References
- ↑ "Michael Faulkender". Robert H. Smith School of Business, University of Maryland.
- ↑ "Finance Committee Advances Deputy Treasury Secretary Nominee | The United States Senate Committee on Finance". www.finance.senate.gov. 2025-03-22. Archived from the original on 2025-03-21. Retrieved 2025-03-24.
- ↑ "Deputy Secretary for the U.S. Department of the Treasury Michael Faulkender Confirmed by the United States Senate" (Press release). United States Department of the Treasury. March 27, 2025. Archived from the original on 2025-04-27. Retrieved 2025-05-09.
- ↑ "President Donald J. Trump Announces Intent to Nominate Personnel to Key Administration Post". The White House. Archived from the original on 2021-01-16. Retrieved 2025-01-28.
- ↑ Rubin, Richard; Schwartz, Brian (August 22, 2025). "Treasury Department's No. 2 Official Set to Depart". The Wall Street Journal. Retrieved August 22, 2025.