Billionaire Trump supporter drops out of running for Treasury secretary [FOX Business Network]
JP Morgan Chase & Co. (JPM)
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Source: FOX Business Network
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 pro
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