BALTIMORE — A professor at the University of Maryland Robert H. Smith School of Business has been nominated to serve in the incoming Trump administration.
Michael Faulkender was selected by President Elect Trump to be the country's next Deputy Treasury Secretary.
He served in Trump's first term as the Assistant Secretary for Economic Policy at the Treasury Department.
Faulkender played a vital role during COVID-19, helping negotiate legislation like the CARES Act and Paycheck Protection Program (PPP).
He won the Alexander Hamilton Award for Distinguished Leadership for his efforts.
Faulkender is currently the Dean’s Professor of Finance, teaching in the MBA and EMBA programs at UMD.
According to his bio, Faulkender specializes in financial economics and public policy research.
"This is a matter of pride for the Smith School," said Dean Prabhudev C. Konana. "Mike's unmatched expertise and academic brilliance are bound to make an extraordinary impact on the nation."
Faulkender earned a PhD in Finance from Northwestern University, and Bachelor's Degree in Managerial Economics from UC Davis.
Here is what Trump said about Faulkender in an official Truth Social post announcing his nomination.
"I am pleased to nominate Dr. Michael William Faulkender, of the Great State of Maryland, to serve as the Deputy Secretary of the United States Department of the Treasury. Mike is a distinguished Economist and Policy practitioner who will drive our America First Agenda. He will help Treasury Secretary Nominee Scott Bessent usher in a new Golden Age for the United States by delivering a Great Economic Boom for all Americans. Mike previously served as the Assistant Secretary for Economic Policy at the Treasury Department during my First Administration. In that role, he advised the Secretary on domestic and international issues that impacted the Economy. Mike is currently the Dean’s Professor of Finance at the University of Maryland’s Robert H. Smith School of Business, and is the Chief Economist and Vice Chair for the America First Policy Institute’s Center for American Prosperity. Congratulations to Mike, and his two wonderful daughters, Lauren and Catherine!"
Faulkender will need to be confirmed by the U.S. Senate before taking office.
