Trump abruptly postpones press conference to address plans to untangle himself from his business empire
Getty/Steve Pope
Trump was due to announce his plan on Thursday, but wanted more time so he could focus on making appointments to his future Cabinet and other top administrative positions, Bloomberg reported on Monday, citing Trump transition officials.
"The announcement has been rescheduled for next month," Trump spokeswoman Hope Hicks told Business Insider. The date of the announcement hasn't been scheduled, but will fall before Inauguration Day on January 20.
Trump has received backlash for his perceived conflicts of interest related to his business empire, which spans at least 25 countries.
The president-elect has previously said he'll hand over the organization's reins to his adult children, although critics argue the conflicts would persist, as his children continue to play a role in his transition. Last week, a spokesman said Trump sold off all of his stock in June, but did not provide documentation to confirm the sale.
He also signaled he would remove himself "completely" from business operations last month.
Still, Trump has dismissed the ethical concerns, arguing in November that "the president can't have a conflict of interest" and "the law is totally on my side."
A recent poll found that 65% of Americans were concerned about Trump's potential business conflicts.
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market