Pawlenty Resigns from Romney Campaign for Lobbying Gig

Will not pursue future Senate or governor seats in Minnesota

Former Minnesota Gov. Tim Pawlenty has resigned as a national co-chairman of Republican Mitt Romney's presidential campaign to lobby for Wall Street. He has also ruled out a run for governor or Senate in Minnesota in 2014.

The Financial Services Roundtable announced Thursday that Pawlenty will become its new president and chief executive officer on November 1. Pawlenty adviser Brian McClung told The Associated Press that Pawlenty ruled out the races as he prepared to take the job heading the Wall Street lobbying group.