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