In a series of tweets early Wednesday morning, President-elect Donald Trump announced he "will be leaving my great business in total in order to fully focus on running the country.” Trump added that he and his children will hold a “major news conference” in New York on Dec. 15 to discuss the issue.
Trump noted it is “visually important, as President, to in no way have a conflict of interest with my various businesses” as the “Presidency is a far more important task” and legal documents “are being crafted.”
Many questions have been raised about what Trump's plans to do about his involvement with his various businesses under The Trump Organization umbrella when he becomes president.
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Democrats on the House Oversight and Government Reform Committee this week called for an examination of Trump’s various businesses and possible conflict of interests when he takes over the White House on Jan. 20.
The president-elect has previously said his three eldest children, Donald Jr., Ivanka and Eric, who currently serve as both executive vice presidents of The Trump Organization and have roles in his presidential transition team, will oversee business operations to prevent conflicts.
The Trump Organization, which was founded in 1923 and was originally called Elizabeth Trump & Son, is a global conglomerate whose industries span real estate, construction, hotels, book and magazine publishers and more.
I will be holding a major news conference in New York City with my children on December 15 to discuss the fact that I will be leaving my ...— Donald J. Trump (@realDonaldTrump) November 30, 2016
great business in total in order to fully focus on running the country in order to MAKE AMERICA GREAT AGAIN! While I am not mandated to ....— Donald J. Trump (@realDonaldTrump) November 30, 2016
do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses..— Donald J. Trump (@realDonaldTrump) November 30, 2016
Hence, legal documents are being crafted which take me completely out of business operations. The Presidency is a far more important task!— Donald J. Trump (@realDonaldTrump) November 30, 2016