U.S. Treasury Appointment

WASHINGTON (Reuters) – U.S. Treasury Secretary Scott Bessent announced on Friday that Deputy Treasury Secretary Michael Faulkender has been appointed as the acting Internal Revenue Service commissioner. He replaces Gary Shapley, a long-time IRS career official, until President Donald Trump’s nominee, Billy Long, is confirmed.

Bessent stated on X that “trust must be brought back to the IRS, and I am fully confident that @TreasuryDepSec Michael Faulkender is the right man for the moment.”

He also mentioned that Shapley “remains one of my most important senior advisers” and will continue to assist in rethinking and reforming the IRS.