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flag Michael Friedman named U.S. Treasury chief of staff, succeeding Dan Katz.

flag The U.S. Treasury has appointed Michael Friedman as chief of staff under Secretary Scott Bessent, succeeding Dan Katz, who is leaving for a role at the International Monetary Fund. flag Friedman, a New York City native with a Harvard Law degree and NYU Stern MBA, served as a special assistant for presidential personnel during Donald Trump’s administration, helping staff federal roles. flag He also held leadership positions in supply chain tech and e-commerce startups. flag The appointment signals a leadership shift as Bessent strengthens his team amid ongoing economic challenges. flag Specific responsibilities and transition details were not disclosed.

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