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,

Billionaire investor John Paulson announced Tuesday he removed himself from consideration as a potential nominee for Treasury secretary by Trump, Paulson told The Wall Street Journal. “My complex financial obligations would prevent me from holding an official position in President Trump’s administration at this time,

Billionaire investor John Paulson, a frontrunner for the role of U.S. Treasury Secretary under President-elect Donald Trump, said on Tuesday his "complex financial obligations" will prevent him from holding an office in the new administration.