Linda McMahon will step down as Small Business Administration head, joins board of America First

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Small Business Administration head Linda McMahon will step down to become the chair of the pro-Trump America First organizations.

Small Business Administration head Linda McMahon will step down to become the chair of the pro-Trump America First organizations, sources familiar with the matter told CNBC on Friday."She has been one of our all-time favorites," Trump said of McMahon in remarks to reporters Friday afternoon at Mar-a-Lago, his Palm Beach, Fla., resort.

A spokeswoman for America First did not return CNBC's request for comment. Neither the Small Business Administration nor the White House immediately provided comment to CNBC. The McMahons gave $6 million to Rebuilding America Now, a super PAC that has reportedly come under investigation by federal prosecutors for possible campaign finance violations.

McMahon had been nominated to lead the Small Business Administration in December 2016, before Trump had been inaugurated. Her tenure has been a relative island of calm in an administration where the president has publicly broken with several of his Cabinet members, and where top officials have frequently left the White House under a cloud.

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