WASHINGTON – Linda McMahon, the head of the Small Business Administration, plans to step down Friday in order to help raise money for President Donald Trump’s re-election bid, administration officials said Friday.
McMahon, a former professional wrestling executive and major Trump donor in 2016, is leaving on good terms, and is expected to work with a Trump political action committee, said two officials speaking on condition of anonymity because the announcement is not yet official.
Trump told reporters he would appear with McMahon and make the announcement later Friday at the president’s Mar-a-Lago estate in Palm Beach, Fla.
McMahon, 70, and her husband Vince co-founded the company that became the pro wrestling empire known as WWE. Its acts have included Trump himself back when he was a New York businessman.
Linda McMahon was among Trump’s biggest financial contributors in 2016, giving him more than $7 million.
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