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McMahon is expected to step down as head of the Small Business Administration, according to Politico.
McMahon, of Greenwich, along with her husband, Vince McMahon, founded the Stamford-based mega-wrestling business WWE.
One of only five women in the president's Cabinet, McMahon has held the SBA post since 2016. She is said to be earmarked to head up the pro-Trump super PAC America First Action.
According to Politico, Trump allies have been searching for someone to chair the super PAC, which is key in the president's re-election effort.
The president is set to speak with reporters at 4 p.m., Friday, March 29 from his Mar-a-Lago Club in West Palm Beach, Florida, where he will be joined by Linda McMahon.
Read the entire Politico story here.
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