The usa elected President Trump has appointed finance professor Michael Faulkender as the Deputy Secretary of the Treasury. Faulkender implemented a key relief plan during the pandemic in Trump's first term. "Mike is an outstanding economist and policy practitioner who will advance our 'America First' agenda," Trump posted on Truth Social on Wednesday, "He will assist Treasury Secretary nominee Scott Bessent in achieving economic prosperity for all americans, ushering in a new golden era for the usa." If confirmed by the Senate, Faulkender will become the second-highest official at the Treasury Department, following hedge fund manager Scott Bessent. He serves at the America First Policy Institute. His academic work at the University of Maryland focuses on corporate capital structure, liquidity, and executive compensation.