[AdSense-A]
According to Bloomberg, Donald Trump is postponing his previously announced news conference to outline how he will address his many business conflicts of interest while in the White House until next month.
Trump had planned to make the announcement Dec. 15 but wants more time because he’s been occupied with filling out his cabinet and top administration posts, according to the officials, who spoke on condition of anonymity to discuss internal deliberations. He’s preparing to reveal his choice for secretary of state as soon as Tuesday, they said.
The president-elect has consulted various legal specialists as well as Don McGahn, his pick for White House counsel, about how to deal with his organization, the officials said. A new date for the announcement hasn’t been set, but it will be before his inauguration on Jan. 20, they said.
Trump has about $3.6 billion of assets and $630 million of debt held in more than 500 companies, according to a July analysis by Bloomberg. His golf developments, tenant rosters, loans and licensing arrangements tie him to businesses and governments in 20 countries. Those ties risk hobbling his presidency with questions about motives for his policy and may raise constitutional issues.
[AdSense-B]
Trump continues to come under fire from all sides regarding the countless conflicts of interests he is poised to bring into the White House. The fact that he is looking to post pone the announcement can be read in one of two ways. First, he is looking to spend more time to ensure the conflicts are properly dealt with. Or the second, and more likely possibility based on Trump’s statements recently that he won’t sell his business, is that Trump and his staff have not taken any meaningful steps to resolve the conflicts and were planning gloss over them in the now canceled press conference.
[AdSense-C]
