Billionaire John Paulson says he's not a candidate for Treasury role
Billionaire John Paulson said Tuesday he does not plan to formally join the administration as the secretary of the U.S. Department of the Treasury, though he said he intends to remain actively involved with Trump's economic team.
"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 a 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," he added.
-ABC News' Beatrice Peterson