Rep. Jeb Hensarling, R-Texas, turned down President-elect Donald Trump's offer to head the White House's Office of Management and Budget, Politico's Playbook reports.
Hensarling, the powerful House Financial Service chairman, had earlier been under consideration for Treasury secretary. But that job went to financier Steve Mnuchin.
According to Politico, Trump is now considering Gary Cohn, president of Goldman Sachs, to fill the OMB spot.
The website noted the OMB is the largest operation in the White House and is responsible for the President's budget.
Following Trump's decision to bypass him for the Treasury post, Hensarling said it was a "distinct honor" to even be considered by Trump, The Dallas Morning News reports.
"He has a bold, ambitious agenda to grow our economy, and I look forward to working with the President-elect…to advance policies that will help all Americans raise their standard of living and advance the cause of a better, strong, more prosperous America," the newspaper quoted him.
© 2021 Newsmax. All rights reserved.