Bessent Taps Theurer for Deputy Secretary Duties at Treasury

Treasury Secretary Scott Bessent said Derek Theurer would perform the duties of deputy Treasury secretary, in a statement Tuesday.

Theurer, who joined the department in January, worked on global tax issues and helped to pass President Donald Trump’s tax cut legislation this summer, according to a statement from the department. In March, he was nominated to be deputy undersecretary of the Treasury for legislative affairs.

Former Deputy Secretary Michael Faulkender left the department in August after just five months on the job. His departure came amid a period of internal upheaval at the department, with IRS commissioner Billy Long leaving ...