For ads-free news, click here.
From Fox Business: Billionaire hedge fund manager John Paulson has chosen not to seek a job within President-elect Trump’s upcoming administration, FOX News confirmed Tuesday.
Paulson, who has been an ardent supporter of Trump’s for years, was among a group of people being considered by Trump to be the next Treasury secretary.
“I’m ecstatic that President Trump will be back in office,” the Trump megadonor said in a statement through his company, Paulson & Co. “He is off to a fast start with his appointments, and his policies will have an immensely positive impact on all Americans.
“Although various media outlets have mentioned me as a candidate for Secretary of the Treasury, my complex financial obligations would prevent me from holding an official position in President Trump’s administration at this time,” Paulson’s statement continued.
“However, I intend to remain actively involved with the President’s economic team and helping in the implementation of President Trump’s outstanding policy proposals,” he confirmed.
SCOOP: John Paulson’s investments in the $GSEs ie $FNMA played a role in his dropping out of Treasury Secretary contention, DC insiders say, a huge clue that privatizing the GSEs may well be back on the table for the @realDonaldTrump Treasury, sources tell @FoxBusiness.
— Charles Gasparino (@CGasparino) November 12, 2024
SCOOP: Veteran investor John Paulson tells me he is dropping out of consideration to be Donald Trump’s Treasury Secretary. This could clear the way for Scott Bessent to get the nod for the top job. https://t.co/n76AatUPM7
— Brian Schwartz (@schwartzbWSJ) November 12, 2024
John Paulson rules out joining Trump administration as treasury secretary. His complex financial obligations would prevent him from holding an official position in the Trump admin.
A prolific donor & avid supporter of President-elect Donald Trump. pic.twitter.com/DnzVVCwIRq— Blanche Victoria (@tammytabby) November 12, 2024
Follow us on X (Formerly Twitter.)
Dennis Michael Lynch personal: www.X.com/TrustDML
The DML News App: www.X.com/DMLNewsApp
The Dennis Michael Lynch Podcast archive is available below, with the most recent on top. Never miss an episode. Subscribe to the show by downloading The DML News App or go to Apple Podcasts.
