Senate Confirms Deputy Treasury Secretary
The Senate voted 53-43 along party lines late March 26 to confirm former Assistant Treasury Secretary Michael Faulkender as deputy treasury secretary. The Treasury Department issued a statement welcoming Faulkender’s confirmation; it didn't say whether he had been sworn in…
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yet. At a Senate Finance Committee hearing on his nomination in early March, Faulkender said he wants to study whether changes should be made to the Biden administration’s October 2024 rule restricting outbound investment in China (see 2503060069).