Source: Insider <p>Source: Insider</p> <p>Insider has learned that the Deputy Secretary of the US Treasury is set to resign just five months after taking office.</p>

BlockBeats News, August 22nd, according to The Wall Street Journal citing sources familiar with the matter, Michael Faulkender, the Deputy Secretary of the U.S. Department of the Treasury, is set to leave the government less than five months after being confirmed by the Senate. Faulkender has been in charge of the Treasury Department's day-to-day operations and briefly served as the acting commissioner of the Internal Revenue Service (IRS) during a period of leadership turmoil.

Reportedly, he is the second Senate-confirmed official of the Treasury Department to resign this month, following former IRS Commissioner Billy Long who stepped down earlier. Michael Faulkender led the Treasury Department's transition team during his tenure and was involved in shaping the relevant tax policies in the tax and spending bill signed by Trump in July.