Trump picks economist Faulkender for No. 2 position at Treasury

President-elect Trump announced economist Michael Faulkender as his pick for deputy secretary of the Treasury on Wednesday, the second-highest ranking position at the department. If confirmed, Faulkender would serve under Scott Bessent, Trump’s nominee to be Treasury secretary. During Trump’s first term, Faulkender ran the Paycheck Protection Program (PPP) at the Treasury, a stimulus policy…