Report: Hensarling turned down top budget office spot

Report: Hensarling turned down top budget office spot
© Moriah Ratner

Rep. Jeb Hensarling (R-Texas) turned down an offer from President-elect Donald TrumpDonald John TrumpShocking summit with Putin caps off Trump’s turbulent Europe trip GOP lambasts Trump over performance in Helsinki Trump stuns the world at Putin summit MORE to head the White House's Office of Management and Budget (OMB), according to Politico's Playbook.

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Hensarling, chairman of the House Financial Services Committee, was also reportedly considered for Treasury secretary, which went to billionaire Steve Mnuchin. 

The head of the OMB manages the president's budget and the mechanics of the federal government. 

Trump is now considering Gary Cohn, the president of Goldman Sachs, to lead the OMB, according to Politico.