Trump Nominates Michael Faulkender as Deputy Treasury Secretary

Faulkender, currently a professor at the University of Maryland, served in the first Trump administration.

President-elect Donald Trump arrives at Joint Base Andrews, Md., on Nov. 13, 2024. Andrew Harnik/Getty Images

President-elect Donald Trump is nominating an ally and member of his first administration as his deputy secretary of the U.S. Department of the Treasury.

On Dec. 4, in a statement posted to his Truth Social account, Trump said he is nominating Michael Faulkender as Scott Bessent’s deputy. Bessent was appointed to lead the U.S. Department of the Treasury on Nov. 22, pending Senate confirmation.