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Reason
Reason
Politics
Eric Boehm

The PPP Was a COVID-Era Disaster. Trump Wants To Promote the Guy Who Ran It.

PPP Michael Faulkender Donald Trump Chad Chronister Pandemic the Treasury Department

The pandemic-era Paycheck Protection Program (PPP) was a bloated, wasteful mess—and now the guy responsible for running it is getting a promotion.

President-elect Donald Trump announced Wednesday that he'd nominated Michael Faulkender to be his deputy Treasury Secretary, effectively the second-in-command position at one of the federal government's most vital departments. Faulkender is a professor of finance at the University of Maryland's business school and serves as chief economist for the America First Policy Institute, a pro-Trump think tank founded in 2021.

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