TwitterFacebookPinterestGoogle+

Linda McMahon to exit role at Small Business Administration

PALM BEACH, Fla. (AP) — The head of the Small Business Administration, Linda McMahon, is stepping down from the role and will help President Donald Trump’s re-election effort, he said Friday.

Trump announced McMahon’s plans from his Palm Beach estate. Sitting next to the former wrestling executive and Republican donor, Trump said she had done an “outstanding” job and said she would “help us with the very important year and a half that we have coming up, the re-election.”

McMahon, who was tapped for the job by Trump in late 2016, said it had been an “honor” to serve. Her plans were first reported by Politico. A person familiar with her thinking who was not authorized to speak publicly said she was expected to join the Trump-supporting super PAC America First Action.

Trump said he would make a new nomination to the SBA role soon.

McMahon and her husband, Vince, founded and built World Wrestling Entertainment Inc., now a publicly traded sports entertainment company. She also poured $100 million of her fortune into two unsuccessful bids for a U.S. Senate seat in Connecticut in 2010 and 2012.

McMahon first backed New Jersey Gov. Chris Christie for president. But she has known Trump for decades, and contributed $5 million to Trump’s family charity, almost all of it in 2007. He participated in WWE events, including a 2007 “Battle of the Billionaires,” during which he shaved Vince McMahon’s head.

After Trump secured the Republican nomination, McMahon became one of his most generous benefactors. Fundraising records show she gave $6 million to an outside group that aired supportive commercials and attack ads against Democrat Hillary Clinton.

The SBA, best known for the small business loans it makes and the disaster aid it provides to companies and entrepreneurs, is also tasked with monitoring government officials’ compliances with contract laws.

Leave a Reply

Your email address will not be published. Required fields are marked *

VIDEO NEWS

National Politics

Florida’s Randy Ross to Present “Grassroots Wins Elections” in Silicon Valley Sunday

SILICON VALLEY, Ca. (FNN NEWS) - Following a trend seen in the past year, a…

California governor signs law to limit shootings by police

SACRAMENTO, Calif. (AP) — Spurred by the fatal police shooting of a young unarmed black…

Omar: Go to Israel, see ‘cruel reality of the occupation’

ST. PAUL, Minn. (AP) — Democratic Reps. Ilhan Omar and Rashida Tlaib sharply criticized Israel…

[OPINION] Epstein: Suicide or Murder?

ORLANDO, Fla. (FNN NEWS) - According to the Bureau of Prisons, on the morning of…

STATE & LOCAL POLITICS

An error occured during creating the thumbnail.

Rick Singh, 2019 State of Orange County Real Estate Lean into Tech

ORLANDO, Fla. (FNN NEWS) - Nearly 1,000 attendees filled Orange County Property Appraiser (OCPA) Rick…

An error occured during creating the thumbnail.

Governor DeSantis: Florida Joins 29 States in Enhancing Voter Registration

ORLANDO, Fla. – (FNN NEWS) - On Wednesday, Florida Governor Ron DeSantis announced at the…

An error occured during creating the thumbnail.

Governor DeSantis Announces New Health Plans for State Retirees that Offer Access to Affordable, High-Quality Care

TALLAHASSEE, Fla. – Governor Ron DeSantis announced today that new health plan options will be…

An error occured during creating the thumbnail.

Orange County Property Appraiser to Host 2019 State of Orange County Real Estate Event

ORLANDO, Fla. – Orange County Property Appraiser Rick Singh, CFA, will deliver the 2019 State…

FNN SPORTS

  • WR Quadree Henderson runs the ball for the New York Giants after a catch during the first half against the Philadelphia Eagles at Lincoln Financial Field on November 25, 2018 in Philadelphia, Pennsylvania. Photo: Getty Images.
    JACKSONVILLE (FNN SPORTS) - Jaguars Sign Quadree Henderson and Davis Tull, Cut Two

MORE SPORTS NEWS

An error occured during creating the thumbnail.

Jaguars Sign Quadree Henderson and Davis Tull, Cut Two

JACKSONVILLE, Fla. (FNN SPORTS) – The Jacksonville Jaguars have signed second-year WR Quadree Henderson and second-year LB Davis Tull,…

An error occured during creating the thumbnail.

Special Olympics Athletes Unite to Inspire and Design 2022 Special Olympics USA Games Logo

ORLANDO, Fla. (FNN SPORTS) – Source: Special Olympics // Today, the 2022 Special Olympics USA Games Organizing Committee…

An error occured during creating the thumbnail.

Jaguars Launch New Mobile App and Introduce Secure Digital Ticketing

JACKSONVILLE, Fla. – The Jacksonville Jaguars today introduced an all-new mobile app through a partnership…

An error occured during creating the thumbnail.

Orlando Pride Defender Toni Pressley Diagnosed with Breast Cancer

ORLANDO, Fla. (FNN SPORTS) - Source: Orlando Pride // Orlando Pride defender Toni Pressley has…

An error occured during creating the thumbnail.

Orlando City Brings Out Big Guns in 2-0 Victory Against FC Dallas

ORLANDO, Fla. (FNN SPORTS) - Orlando City SC, fresh from MLS All-Star Week and the…

An error occured during creating the thumbnail.

Governor Ron DeSantis to Attend the 2019 MLS All-Star Game

ORLANDO, Fla. – Governor Ron DeSantis to attend the 2019 MLS All-Star Game and visit…

BUSINESS NEWS

  • Steve Naremore, founder and CEO of TuffyPacks, notes the use and various options of his bulletproof inserts on the packaging of the product that can be placed into various makes and sizes of backpacks, during a demonstration at the Shiloh Shooting Range, Friday, August 9, 2019, in Houston. His company produces some bullet-resistant backpacks but the bulk of his business is in removable ballistic shields that are inserted in backpacks. (AP Photo/Michael Wyke)
    NEW YORK (AP) - Mass Shootings Give Rise to Bullet-Resistant Backpacks

MORE BUSINESS NEWS

An error occured during creating the thumbnail.

Mass Shootings Give Rise to Bullet-Resistant Backpacks

NEW YORK (AP) — Companies like Guard Dog Security, TuffyPacks and Bullet Blocker are peddling…

An error occured during creating the thumbnail.

Universal Orlando Resort Reveals Passholder Appreciation Days Perks

ORLANDO, Fla. (FNN NEWS) - Source: Universal // Universal Orlando Resort revealed that for the…

An error occured during creating the thumbnail.

Orlando Continues to Support Small Businesses

ORLANDO, Fla. (FNN NEWS) - Small businesses play such an important role in the economies…

An error occured during creating the thumbnail.

S&P 500 posts its worst week of 2019 as trade tensions flare

Investors rattled by President Donald Trump’s latest escalation in his trade war with China drove…

An error occured during creating the thumbnail.

ID theft stings, but it’s hard to pin on specific data hacks

NEW YORK (AP) — Equifax 2017. Marriott 2018. Capital One 2019. Data breaches through hacking attacks…

An error occured during creating the thumbnail.

Apple Announces New Batch of Emojis on World Emoji Day

Cupertino, CA (FNN NEWS) — July 17th is National Emoji Day! What better way to celebrate…

ENTERTAINMENT NEWS

  • The cover art for Dionne Warwick's new album, "She's Back", released Friday, May 17, 2019. Image source: Kind Music/Entertainment One
    NEW YORK, N.Y. (FNN NEWS) - Pop Icon Dionne Warwick Releases New Album “She’s Back” (Image: Kind Music/Entertainment One)

MORE ENTERTAINMENT NEWS

An error occured during creating the thumbnail.

Universal Orlando Resort Reveals Passholder Appreciation Days Perks

ORLANDO, Fla. (FNN NEWS) - Source: Universal // Universal Orlando Resort revealed that for the…

An error occured during creating the thumbnail.

Orange TV Shines throughout a Quarter Century of Excellence

In 1995, when Orange TV began as a 24-hour broadcast station that televised programming related…

An error occured during creating the thumbnail.

Nobel Laureate Toni Morrison Dead at 88

NEW YORK (AP) — Nobel laureate Toni Morrison, a pioneer and reigning giant of modern…

An error occured during creating the thumbnail.

US presidential envoy sent to Sweden for A$AP Rocky’s trial

HELSINKI (AP) — American rapper A$AP Rocky pleaded not guilty to assault as his trial…

An error occured during creating the thumbnail.

Photos: Wall Street Plaza Comes Alive with Orlando City Viewing Party & MLS All-Star Concert

ORLANDO, Fla. (FNN SPORTS) - Soccer fans from all over the world gathered at Wall…

An error occured during creating the thumbnail.

Man in A$AP Rocky case allegedly hit with bottle, kicked

HELSINKI (AP) — The man allegedly assaulted by American rapper A$AP Rocky and two other…

LIFESTYLE: TRAVEL, TOURISM, THEME PARKS

MORE LIFESTYLE NEWS

Rick Singh, 2019 State of Orange County Real Estate Lean into Tech

ORLANDO, Fla. (FNN NEWS) - Nearly 1,000 attendees filled Orange County Property Appraiser (OCPA) Rick…

Lavish Orlando Boat Show Returns to Orange County Convention Center

ORLANDO, Fla. (FNN NEWS) - The Orlando Boat Show has taken over the Orange County…

City of Orlando Re-Opens Constitution Green Park

ORLANDO, Fla. (FNN NEWS) - Residents and their dogs gathered in Downtown Orlando to be…

[VIDEO] Exclusive: Orlando Flash Flooding Causes Stalled Cars and Traffic Delays at Fashion Square

ORLANDO, Fla. (FNN NEWS) - One of Florida’s typical “afternoon monsoons,” in this case a…

Universal Orlando Resort Reveals Passholder Appreciation Days Perks

ORLANDO, Fla. (FNN NEWS) - Source: Universal // Universal Orlando Resort revealed that for the…

[Cannabis 101] Bud Fact Sheet: Afghan Kush

If you're pursuing medical marijuana for your wellbeing, you may think all marijuana is created…