Billionaire investor John Paulson said Tuesday that he would not serve in President-elect Donald Trump's new administration amid speculation that he would be nominated for Treasury secretary.
“Although various media outlets have described me as a candidate for Treasury Secretary, my complex financial obligations preclude me from serving in an official position in President Trump's administration at this time,” Paulson said in a statement. Ta. wall street journal.
“However, I will continue to be actively involved with the President's economic team and help implement President Trump's good policy proposals,” he added.
Paulson, a major Republican donor, has been a vocal supporter of President Trump and his economic proposals.
Last month he told the journal He spoke about his potential role in the Trump administration, pledging to work with Elon Musk, the technology mogul and key Trump ally, on efforts to cut government costs.
Paulson said in a statement Tuesday that he is “excited to have President Trump back in office.” “He is off to a good start in his appointment, and his policies will have a very positive impact on all Americans.”
With Paulson stepping down, fellow investor Scott Bessent is seen as President Trump's front-runner for Treasury secretary. Bessent reportedly met with the president-elect at Mar-a-Lago on Friday. According to Reuters.
