Page Reader AI | Exclusive | John Paulson Drops Out of Running to Become Trump Treasury Secretary

Exclusive | John Paulson Drops Out of Running to Become Trump Treasury Secretary - WSJ

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Key Decision

John Paulson, a prominent investor, has decided to withdraw his candidacy for the position of Treasury Secretary in President-elect Donald Trump's administration.

Reason for Withdrawal

Paulson cited complex financial obligations as the reason for his withdrawal. He stated that these obligations would prevent him from officially serving in the Trump administration.

Continued Involvement

Despite withdrawing from the candidacy, Paulson expressed his intention to remain actively involved with President Trump's economic team and to assist in implementing the President's economic policies.

Veteran investor John Paulson is dropping out of the running to become President-elect Donald Trump’s Treasury secretary, he said in a statement to The Wall Street Journal. “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 said in the statement. “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.”