[Report: U.S. Deputy Treasury Secretary to Step Down After Five Months in Office] According to a report by Jinse Finance citing The Wall Street Journal, sources familiar with the matter revealed that U.S. Deputy Treasury Secretary Michael Faulkender will leave the government less than five months after being confirmed by the Senate. Faulkender has been responsible for the daily operations of the Treasury Department and briefly served as acting commissioner during leadership turmoil at the Internal Revenue Service (IRS). He is the second Senate-confirmed Treasury official to resign this month, following the earlier departure of former IRS Commissioner Billy Long. During his tenure, Faulkender led the Treasury Department's transition team and was involved in shaping tax policies included in the tax and spending bill signed by Trump in July.