President-elect Donald Trump has chosen Michael Faulkender, a finance professor, to serve as the deputy Treasury secretary.
Faulkender is well-known for his involvement in implementing a significant relief program during Trump's first term in response to the pandemic.
He is expected to play a crucial role in advancing the administration's economic agenda.
Trump praised Faulkender as a distinguished economist and policy practitioner who will support Treasury Secretary Nominee Scott Bessent in promoting economic growth.
The administration aims to bring about a new era of prosperity for the United States, promising a great economic boom that will benefit all Americans.