Trump leaving business empire to avoid conflicts

President-elect Donald Trump announced Wednesday he would leave his business conglomerate to focus exclusively on the presidency.

Twitter recently banned hundreds of accounts that violated its rules and the micro-blogging site said no one is exempt from its hate-speech rules – not even President-elect Donald Trump.

Trump did say on Wednesday that he will hold “a major news conference in New York City” alongside his children on December 15 to discuss what he said was his impending departure from his “great business”.

He said the Trump administration would seek plans and deals that benefited Americans first and not get duped into deals with other countries.

Amid growing concerns about how Donald Trump can distance himself from his vast business enterprise, the president-elect tweeted yesterday that “legal documents are being crafted which take me completely out of business operations”. Later, while as usual positioning himself as a political outsider, the president-elect added: “For too long Washington has tried to put us in boxes”.

The billionaire responded to speculation surrounding the potential conflict of interest his position as chairman of the Trump Organization would create during his presidency.

Advert How I Increased my Manhood Size & Stopped Premature Ejaculation That Scattered My Relationship. “If other countries and businesses know that Trump owns this hotel, or that building, they will try to do business with them with the hope of getting favors”, Stuart Gilman, a former attorney for the U.S. Office of Government Ethics, told Newsday.

Trump’s sprawling business empire is unprecedented for a modern sitting president, as is the complexity and opaqueness of his holdings.

Mnuchin, a former Goldman Sachs banker, also signaled a desire to remove USA mortgage-finance companies Fannie Mae and Freddie Mac from government ownership, a move that could have wide-ranging ramifications for how Americans pay for their homes, and said banking regulations should be eased to spur lending. Restricting people from entering the country based on their religious beliefs seems hypocritical to say the least, since Trump would be promoting the same kind of dividing factor he criticized.

In their statement Wednesday, Eisen and Painter said Trump should set up an “ethics firewall” if his family is to remain involved in the business. “We will keep our companies and jobs in the U.S. Thanks Carrier”, Trump tweeted Tuesday.

Democrats in Congress have also made clear that they will raise the issue of conflicts of interests, although being in the minority limits their ability to hold hearings.

We’ll await more details.

Mnuchin, 53, led Trump’s finance operations during the presidential campaign, but he has no government experience.

The kingdom of Bahrain on Tuesday sent out invitations to an event at Trump’s hotel in Washington, D.C. and Eric Trump joined a hunting trip with an unnamed Turkish businessman this week, according to local media reports.

The survey of 1,000 likely voters was conducted November 27 and Rasmussen said Democrats were far more concerned than other voters with Trump’s business ties. They could pledge in writing not to communicate about off-limit topics, but “this would be exceedingly hard to police”, said Paul Rothstein, Georgetown University Law Center.

“I’m not ready to reveal that really”, Priebus said.

Trump threatened during the campaign to impose sharp tariffs on any company that shifted its factories to Mexico.