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.

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,

Some of President-elect Donald Trump’s key advisers are backing Scott Bessent, who runs macro hedge fund Key Square Group, as the best choice to serve as Treasury secretary, people familiar with the matter said.

Some of President-elect Donald Trump’s key advisers are backing Scott Bessent, who runs macro hedge fund Key Square Group, as the best choice to serve as Treasury secretary, people familiar with the matter said.

By Steve Holland, Alexandra Ulmer and Lawrence Delevingne WEST PALM BEACH, Florida, SAN FRANCISCO (Reuters) -Prominent investors Scott Bessent and John Paulson have emerged as the leading candidates for the key role of U.

Republican Victory Likely to Shape U.S. Fiscal Policy and Economic Outlook Prominent investors Scott Bessent and John Paulson are strong contenders for the role of U.S. Treasury Secretary in Donald Trump’s potential second term,