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Trump briefly considered Romney past year for Clinton's former job.

President Trump was widely critical of Romney during his campaign, and at one point, called the Utah Mormon a "choke artist" for losing the 2012 election. But first, Republican Sen. "We would very much like to see you serve in that capacity".

"Why would I consider it?"

"The former presidential candidate reportedly said, "[He] would have accepted the job", had it been offered to him.

Ultimately, it was former Exxon Mobil CEO Rex Tillerson who became Trump's secretary of state, a decision which Romney said was the right choice. This year's business and policy-focused summit drew in top donors, executives and office holders from the Republican party, including Republican Senators Lindsey Graham of SC and John McCain of Arizona. After vice president, secretary of state is perhaps the most powerful position in the government.

Romney and Biden both considered running for president previous year, but both deferred to candidates they saw as having an overwhelming financial advantage (Jeb Bush on the Republican side; Hillary Clinton on the Democratic side).

The E2 summit is an annual donor conference hosted by former Massachusetts Republican Governor and two-time presidential candidate Mitt Romney. The event featured a number of big-name political operatives, including Joe Biden, who reportedly criticized Hillary Clinton during his own speech. Orrin Hatch's seat in Utah if he chooses not to run for reelection.

Meanwhile, Biden is believed to be considering launching another presidential bid in 2020 with an aim to challenge incumbent Donald Trump.