Paulson Declines Treasury Role, Staying Engaged with Trump’s Economic Policies
Paulson’s Decision to Step Back
Billionaire investor John Paulson said Tuesday that he will not serve in President-elect Trump’s new administration amid speculation that he could be considered for the role of Treasury Secretary. “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 stated, as first reported by The Wall Street Journal.
Continued Involvement with Trump’s Economic Team
Despite stepping back from an official position, Paulson expressed his intent to remain actively involved with the President’s economic team, helping to implement Trump’s policy proposals. He added, “I intend to remain actively involved with the President’s economic team and helping in the implementation of President Trump’s outstanding policy proposals.”
Support for Trump’s Economic Agenda
Paulson, a prominent Republican donor, has consistently supported Trump and his economic initiatives. In a recent conversation with the Journal, he pledged to collaborate with influential figures, including tech mogul Elon Musk, to reduce government expenditures. “I’m ecstatic that President Trump will be back in office,” he stated. “His policies will have an immensely positive impact on all Americans.”
Potential Successors for the Treasury Role
With Paulson out of contention, Scott Bessent is now seen as the top candidate for the Treasury Secretary role, following a reported meeting with the President-elect at Mar-a-Lago.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.