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Carl Icahn resigns economic advisory post with Trump's 'blessing'

Investor Carl Icahn announced Friday that he had stepped down from his advisory role to President Trump. Icahn was counseling the president regarding regulatory reform issues, but he said he was announcing his resignation after a conversation with Trump earlier Friday in which the president "agreed" with his decision.

In a letter to Trump to "confirm" their conversation, Icahn emphasized that he "never had a formal position" with the White House. "I chose to end this arrangement (with your blessing) because I did not want partisan bickering about my role to in any way cloud your administration," Icahn wrote. "I sincerely regret that because of your extremely busy schedule, as well as my own, I have not had the opportunity to spend nearly as much time as I'd hoped on regulatory issues."

Icahn has long been a supporter of Trump's, writer Sarah Kendzior notes. Read Icahn's full letter announcing his resignation below. Kimberly Alters