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Donald Trump to leave businesses before inauguration

Donald Trump announced via Twitter late Monday night that he would “be leaving” his business before his inauguration next month.

However, he said the billion-dollar global Trump empire will be put under the control of his children, a move unlikely to quell charges of conflict of interest.

“Even though I am not mandated by law to do so, I will be leaving my businesses before January 20th so that I can focus full time on the Presidency. Two of my children, Don and Eric, plus executives, will manage them,” he posted over two tweets.

Mr. Trump has long downplayed potential conflicts of interests, noting both the point he made Monday that the legal issues are murky and that the American people elected him knowing that he’s a globetrotting, deal-making businessman.

In a third tweet, Mr. Trump posted that he “will hold a press conference in the near future to discuss the business, Cabinet picks and all other topics of interest.”

In his tweets, however, he implied that sons Donald Trump Jr. and Eric Trump will be hamstrung in running the Trump empire.

“No new deals will be done during my term(s) in office,” he wrote.

The deployment of Donald Jr. and Eric to run the business smooths out one set of potential issues — the role of daughter Ivanka Trump.

Ms. Trump reportedly wants to do policy work in Washington, D.C., and is married to Jared Kushner, another key member of the Trump inner circle. Conflicts of interest would be much harder to avoid in such a role were she involved in handling Trump businesses.

Source: www.washingtontimes.com stories: Politics

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