Michael Faulkender, Deputy Treasury Secretary, is leaving the administration less than five months after being confirmed. He managed day-to-day Treasury operations and briefly served as acting IRS commissioner. Faulkender played a key role in shaping tax policies in the Trump administration. His departure follows IRS Commissioner Billy Long’s resignation earlier this month. Faulkender, a longtime finance professor at the University of Maryland, was confirmed in March. Treasury Secretary Scott Bessent praised his academic and policy expertise. Trump ally Laura Loomer first publicized his exit on social media. This is a developing story.

Read more at Quiver Quantitative: Treasury Deputy Secretary Michael Faulkender to Depart After Five Months in Role