New York City Mayor Michael Bloomberg said Tuesday he has no interest in becoming U.S. Treasury secretary. “I have no skills to be the secretary of the Treasury,” he said at a Wall Street Journal business
forum in Washington.
Owing to his success as the businessman who founded Bloomberg News, the mayor has been rumored as a potential replacement if current Treasury Secretary Timothy Geithner leaves.
The White House has strained relations with business and administrative officials say they want to improve ties. Putting a former executive in a key position could be a way to help the president better understand the perspective of businesses.