BlockBeats news, on August 22, citing sources from The Wall Street Journal, U.S. Treasury Deputy Secretary Michael Faulkender will leave the government less than five months after his Senate confirmation. Faulkender was responsible for the daily operations of the Treasury Department and briefly served as acting commissioner during the turmoil in the IRS leadership.
It is reported that he is the second confirmed official from the Treasury Department to resign this month, following former IRS Commissioner Billy Long's earlier departure. During his tenure, Michael Faulkender led the Treasury's transition team and was involved in formulating relevant tax policies in the tax and spending bill signed by Trump in July.