Trump to leave businesses to focus on USA presidency

Trump is known for his quick trigger when it comes to lawsuits, but his election to the presidency may open himself up big time..

U.S. President-elect Donald Trump said he would leave his business and that legal documents were being prepared to facilitate that move, according to his Twitter posts on November 30. So far, entrepreneurs who have been president have mostly had a blind trust, an independent fund that takes over the management of their companies in a trustee. Campaign manager Kellyanne Conway has warned that it would be a “betrayal” to Trump supporters if he selected Romney, who was a fierce critic of the president-elect.

As a separate and co-equal branch of government, the Senate has a duty and obligation to safeguard our Constitution.

Trump held a private dinner with Romney Tuesday night, their second meeting to discuss the Cabinet position.

This story has been corrected to reflect that Trump is holding a news conference with his children, not leaving business to his children.

It’s unclear whether he intends to turn daily control of the Trump Organization over to his three oldest children ― Donald Jr., Ivanka and Eric ― to run the privately-owned conglomerate, or set up a blind trust.

Trump also had meetings planed with Linda McMahon, a former Senate candidate in CT, former Georgia Governor Sonny Purdue and U.S. Senator Dan Coats of Indiana. Reince Priebus, who will be the White House chief of staff, said on the MSNBC programme Morning Joe that he was not ready to provide any more information about the legal discussions.

Arriving at Trump Tower Wednesday, Mnuchin said the administration planned “the most significant middle income tax cut since Reagan”.

Accusations of conflicts of interest are not new in USA politics. President-elect Donald Trump emphasized infrastructure investment throughout his campaign. But just days into his transition to president, Trump seems to be doing the opposite.

The Office of Government Ethics has rules meant to prevent conflicts of interest within the executive branch, however the president and vice president are exempt.

“He will be shaped by the duties, he will be shaped by the speed and unpredictability by the speed at which everything happens”, said Professor Karen Hult, a presidential scholar and transition expert at Virginia Tech University. The remedy for that (Cardin omitted saying) would be a political one: impeachment.

Where are the Republicans?

The source has knowledge of the pick by spoke on condition of anonymity because he was not authorized to speak publicly about the pick, which is expected to be announced Tuesday afternoon.

“If he doesn’t sell, he needs to make sure there is no foreign government money coming in there at all”, Painter said.

That makes it harder to erase conflicts of interest, or at least the perception of them. They hand Democrats a club to hit them over the head in the next election, unless they head off the issue. Law forbids the president from accepting any large “gifts” from foreign governments, and any benefits his business may receive from another nation would fall under that category, including the construction of any government-owned buildings overseas with the signature “Trump” logo on them.