Deputy Secretary Michael Faulkender

Another promise made. Another promise kept. Our nation is reaping the rewards from @POTUS’s America First agenda. As President Trump works hard to take back our nation’s economic sovereignty, today’s Monthly Treasury Statement is demonstrating record customs duties – and with…

Business equipment production is up nearly 17% annualized through the first half of the year—the fastest pace since 1997. This CapEx Comeback was jumpstarted by the OBBB, which made investment spending retroactive to Inauguration Day. Higher capital investment drives…

With the GENUIS Act now law, a new era of transactions is here. Stablecoins backed by U.S. Treasury bills will modernize global payments. This is a game-changer for trade, with the potential of trillions of dollars in additional investments in global finances that will boost…

Blockchain technologies will power the next generation of payments, and the U.S. dollar is coming onchain. Thanks to President Trump’s visionary leadership, and @SenatorHagerty's important work in Congress, the GENIUS Act will help cement the U.S. dollar as the global reserve…

With the GENIUS Act providing legal clarity on stablecoins, we now have a faster, cheaper, and more secure way to trade. This boosts global acceptance and demand for dollar-backed digital payments, reinforcing @POTUS’s promise to make the U.S. the Crypto Capital of the World.

The GENIUS Act provides much needed regulatory clarity for the use of stablecoins in modernizing our payment systems. This is a great day for the American people and further cements the dollar as the world’s reserve currency.

President Trump promised to make America the “crypto capital of the world.” @HouseGOP’s actions today to pass the CLARITY Act and send GENIUS to the President’s desk keep that promise. @RepFrenchHill and @CongressmanGT should be commended for their leadership, and I look forward…

Thanks to the One Big Beautiful Bill, hardworking Americans will see tax relief on their overtime and tipped wages. Treasury is moving swiftly to implement, and these deductions are available regardless of the payment method. foxbusiness.com/politics/one-b…

With additional funding for at least 1 million deportations a year and funding to complete the border wall, the One Big Beautiful Bill delivers on curbing unchecked immigration that disrupts the labor market and hurts the wages of working-class Americans. In his first term,…

The data shows inflation on core components of Americans' budgets is falling below the Fed's target. Prices at the grocery store, pump, and mall are all coming down. @POTUS's economic plan is working. As we implement key legislation like the One Big Beautiful Bill, Main Street…

Today, I had the honor of swearing in Jonathan Gould as the 32nd Comptroller of the Currency. I had the privilege to work with Jonathan during the first Trump Administration when he served as Senior Deputy Comptroller and Chief Counsel at OCC, his extensive experience will help…

The days of unfair trade practices are over. Thanks to @POTUS, this Administration is laser-focused on securing the best trade deals for the American people. The market is looking ahead and clearly understands that these deals will benefit both the United States and the global…

.@USTreasury will continue to lead on sanction implementation against all nefarious actors abroad. Our reserve currency status ensures compliance, giving the President crucial leverage, particularly as we urge for an end to the Russia-Ukraine war.

The One Big Beautiful Bill was just the start. This administration's economic growth plan of tax cuts, trade deals, and deregulation will finally get our fiscal house in order.

For decades, we have had leaders in this country who have been willing to ship our industrial base abroad. @POTUS recognizes that you cannot be a leading global power if you do not manufacture domestically. Manufacturing jobs are an incredibly important source of wealth…

This week, I was excited to continue @USTreasury’s nation-to-nation engagement. During the first Trump Administration, I served as the Point of Contact for Tribal Consultation. I also supported the establishment of the Treasury Tribal Advisory Committee, as well as the…

The $2T-a-year deficit brought on by the previous administration will decrease over time because of the One Big Beautiful Bill and @POTUS’s economic policies. President Trump’s leadership will put us on a much more sustainable fiscal path moving forward.

The One Big Beautiful Bill strengthens small businesses and Made-in-America investments by offering immediate deductions for new equipment, tax incentives for building U.S. factories, instant R&D write-offs, and interest expense deductions.