Trump Announces His 'Total' Departure From 'My Great Business'; 'Presidency...Far More Important'

By Susan Jones | November 30, 2016 | 7:07am EST

( - In a series of tweets Wednesday morning, President-elect Donald Trump announced:

"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 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 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. Hence, legal documents are being crafted which take me completely out of business operations. The Presidency is a far more important task!"

As the Associated Press reported this week, "experts on government ethics say that if the president doesn't sell off his vast business buildings, he'll be subject to a never-ending string of conflict-of-interest questions that will cast a cloud over his policy actions."

It's not clear if Trump will liquidate his company or if he will completely separate himself from its operations. Three of his children, with whom he is very close, are now running the day-to-day business.

Trump's future chief of staff Reince Priebus told MSNBC's "Morning Joe" on Wednesday that Trump is the first president in modern history to own so many successful businesses in so many diverse areas.

"It's not the easiest thing to work out, but you should know that he's got the best people in America working on it, and I think what you see in those tweets is a person at the top that understands and is willing and showing the American people that he's working hard on it; he's taking it seriously to make sure that we comply with all the rules and laws and regulations that are in place -- even though those rules and regulations don't actually contemplate a situation like this."

Priebus said he's not ready to reveal if Trump will turn his company over to the kids or put it in a blind trust or whatever.

CNSNews Reader,

The media are hard at work weaving a web of confusion, misinformation, and conspiracy surrounding the COVID-19 pandemic.

CNSNews covers the stories that the liberal media are afraid to touch. It drives the national debate through real, honest journalism—not by misrepresenting or ignoring the facts.

CNSNews has emerged as the conservative media’s lynchpin for original reporting, investigative reporting, and breaking news. We are part of the only organization purely dedicated to this critical mission and we need your help to fuel this fight.

Donate today to help CNSNews continue to report on topics that the liberal media refuse to touch. $25 a month goes a long way in the fight for a free and fair media.

And now, thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you can make up to a $300 gift to the 501(c)(3) non-profit organization of your choice and use it as a tax deduction on your 2020 taxes, even if you take the standard deduction on your returns.

— The CNSNews Team



Sign up for our CNSNews Daily Newsletter to receive the latest news.