President Donald Trump’s administration is facing another high-profile departure as Deputy Treasury Secretary Michael Faulkender announced he will leave his post less than five months after Senate confirmation.
Treasury Secretary Scott Bessent thanked Faulkender for his work and praised his contributions to the department.
“Michael played a critical role in our operations and we are grateful for his dedication and service,” Bessent said.
The news was first reported by investigative journalist Laura Loomer on social media Thursday evening.
A source from the Treasury Department confirmed to The Daily Mail that Faulkender plans to return to teaching.
Before joining the Treasury Department, Faulkender served as chief economist during Trump’s first term under Secretary Steven Mnuchin. He later took a teaching position at the University of Maryland’s business school and also worked as chief economist at the America First Policy Institute.
Faulkender’s exit follows a pattern of early departures within the administration. Just days earlier, IRS Commissioner Billy Long resigned only two months after Senate confirmation.
The departures come amid ongoing scrutiny of the Trump administration’s staffing and turnover in key financial positions. Observers say these rapid changes could impact the department’s ability to execute policy efficiently.
“High turnover in senior Treasury positions creates uncertainty in financial policy implementation,” said one former Treasury official.
Faulkender’s short tenure highlights the challenges of retaining top officials in the administration, especially those moving from private or academic positions. He was praised by colleagues for his economic expertise and leadership within the department.
The University of Maryland confirmed that Faulkender plans to return to his faculty role. “We welcome Michael back to our business school where he has already made significant contributions,” a university spokesperson said.
The Wall Street Journal confirmed the news, noting that Faulkender played a central role in shaping department operations during his brief time as deputy secretary. His departure is not expected to disrupt immediate Treasury initiatives but could affect long-term strategic planning.
Some Republicans praised Faulkender’s work despite the short tenure. “Michael Faulkender brought sharp economic insight and leadership to the Treasury Department,” said a GOP source. “He will be missed.”
The Trump administration has not yet announced a replacement for the deputy secretary position. Treasury officials say that searches for senior appointments are ongoing and that operations will continue without disruption.
Faulkender’s resignation adds to a series of staff changes that have drawn media attention and public scrutiny. Observers say the administration will need to fill key roles quickly to maintain momentum on economic policies.
“Maintaining experienced leadership in the Treasury Department is critical,” said a political analyst. “Losing someone with Faulkender’s background so early could have ripple effects.”
Trump himself has not publicly commented on Faulkender’s departure, but officials say the president has expressed gratitude for his service.
The exit marks another chapter in the administration’s ongoing staffing challenges, following the departure of several other high-level officials in recent months.
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Author: Anthony Gonzalez
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