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Trump Picks Faulkender as Bessent’s Deputy Treasury Secretary

December 4, 2024, 5:25 PM UTC
Jenny Leonard
Jenny Leonard
Bloomberg News
Nancy Cook
Nancy Cook
Bloomberg News
Lydia Beyoud
Lydia Beyoud
Bloomberg News

President-elect Donald Trump selected finance professor Michael Faulkender — who implemented a key pandemic-era relief program during his first presidency — to be the deputy Treasury secretary.

“Mike is a distinguished Economist and Policy practitioner who will drive our America First Agenda,” Trump said in a post on Truth Social on Wednesday. “He will help Treasury Secretary Nominee Scott Bessent usher in a new Golden Age for the United States by delivering a Great Economic Boom for all Americans.”

If confirmed by the Senate, Faulkender would serve as the No. 2 to hedge fund manager Scott Bessent, whom the ...

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