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It's one big family. Video provided by Newsy Newslook
President-elect Donald Trump (Photo: Eduardo Munoz Alvarez, AFP/Getty Images)
WASHINGTON — President-elect Donald Trump said he will transfer his sprawling real-estate and branding empire to his sons and executives and is pledging “no new deals” during his presidency, as he works to quell concerns about conflicts between his business interests and his presidency.
But his plans, announced in a series of late-night tweets Monday, drew immediate criticism from ethics watchdogs, who are pressuring Trump to sever his ownership ties with the Trump Organization and place his assets in a blind trust run by an independent administrator.
“He’s taking baby steps in the right direction,” Norm Eisen, who served as President Obama’s ethics lawyer, said of Trump’s pledge not to embark on new business deals. “But he needs to make a giant step.”
“By hanging on to the interest and letting his sons manage it, he’s flying in the face of what every president has done in the last 40 years,” Eisen said in a telephone interview Tuesday morning. “It will only be a matter of time before we have our first major scandal.”
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USA TODAY
Trump postpones decision on business dealings
Trump said he would leave his business before his Jan. 20 inauguration to focus “full time on the presidency” and allow his sons Donald Trump Jr. and Eric Trump and corporate executives to oversee the enterprise.
“I will hold a press conference in the near future to discuss the business, Cabinet picks and all other topics of interest,” he added in another tweet. “Busy times!”
I will hold a press conference in the near future to discuss the business, Cabinet picks and all other topics of interest. Busy times!
— Donald J. Trump (@realDonaldTrump) December 13, 2016
Trump had planned a Thursday __news conference — his first since winning the presidency Nov. 8 — to discuss his future plans for the business. But transition officials announced its postponement Monday evening, saying Trump’s work to fill his Cabinet has proved time-consuming.
Trump’s wealth, spread among a tangle of more than 500 closely held corporations, represent new territory for an American president. He has business partnerships around the globe, from Turkey to the Philippines.
Watchdog groups said they want more detail on Trump's pledge that his company would not engage in new deal-making during his time in the Oval Office.
USA TODAY
5 questions — and answers — about Donald Trump and conflicts of interest
Meredith McGehee of the non-profit group Issue One said leaving the business in his sons' hands "draws a roadmap on how to curry favor" with the president. "This is the way business is done in lots of parts of the world," she said. "If you can't give to the boss man, give to his family."
Federal law does not require Trump to divest his holdings or to sever his ties to his businesses, and the president is not subject to conflict-of-interest rules that govern his Cabinet and other members of the executive branch. But his corporate interests could pose political problems for him and his incoming administration.
USA TODAY
Trump's foreign deals risk Constitution clash
"Because he's not required by law to sell anything, he seems to be leaving it up to the American people to decide whether his business dealings create conflicts in the governing process," said Kenneth Gross, a veteran Washington ethics lawyer who helped another billionaire politician, Michael Bloomberg, navigate his business interests when he became New York City mayor.
Bloomberg, who was subject to New York's ethics rules, retained ownership of his financial information company, Bloomberg LP, but he stepped away from the day-to-day running of the company.
Jan Baran, an ethics lawyer who represents Republicans, said Trump is taking logical steps to reduce potential conflicts and to satisfy voters' interest in seeing him concentrate on the presidency. If Trump's family and executives plan no expansion of his business empire and no new contracts, "it eliminates the opportunity for improper ingratiation by special interests," Baran said.
Selling his companies outright, as some watchdogs have advocated, could open Trump to other ethical questions, Baran added, including whether the buyer has paid fair-market value for Trump's assets or improperly sweetened the deal in a bid to influence the president-elect.
Most recent presidents, starting with Lyndon Johnson, have put their assets in a blind trust. Obama’s assets are in Treasury bonds and mutual funds.
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President-elect Donald Trump will reportedly tap former Republican presidential rival Rick Perry to head up the U.S. Department of Energy. It's the same department the former governor once wanted to eliminate. USA TODAY NETWORK
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Bill Gates spoke with Donald Trump about climate change, as well as medicine and education. Time
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The Republican National Committee is seeking to fill the job left by Reince Priebus. Right now, Michigan GOP chairwoman Ronna Romney McDaniel appears to be the candidate favored by Donald Trump. USA TODAY
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Sources tell the Associated Press that President-elect Donald Trump will name Exxon Mobil CEO Rex Tillerson Secretary of State on Tuesday. Tillerson could face a difficult confirmation, due to his connections with Russia. (Dec. 13) AP
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Add another Goldman Sachs employee to Trump's cabinet. Wochit
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Once thought to be a strong candidate for Secretary of State, Rudy Giuliani has removed his name from consideration for any Cabinet post in the new administration. USA TODAY
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A transition aide confirmed Wednesday President-elect Donald Trump has offered Iowa Gov. Terry Branstad the job of ambassador to China. USA TODAY
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Scott Pruitt has called EPA regulations "coercion" and has fought to slow down the move away from fossil fuels. Video provided by Newsy Newslook
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President-elect Trump has made his pick for the top U.S. security position: retired Marine General John Kelly. He is the third retired general and second Marine picked by Trump for top-level administration positions. USA TODAY
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President-elect Donald Trump is officially announcing he will nominate retired Marine Gen. James Mattis to be his Defense Secretary, bringing his pick onstage in North Carolina. (Dec. 6) AP
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Bob Dole lobbied Donald Trump's campaign in favor of improved relations with Taiwan, and he made money doing it. Newslook
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Senate Majority Leader Mitch McConnell met with President-elect Donald Trump's pick for director of the Central Intelligence Agency. (Dec. 5) AP
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President-elect Donald Trump has nominated former GOP rival Dr. Ben Carson to be secretary of the Department of Housing and Urban Development. USA TODAY NETWORK
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Al Gore and Donald Trump had a brief meeting Monday, presumably about Trump's position on climate change. Newsy
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US President-elect Donald Trump nominated fierce Obamacare critic, Tom Price as health secretary, indicating he plans to fulfill a campaign promise to tear up the divisive healthcare reform law. Video provided by AFP Newslook
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She shared a video touting her commitment to veterans after reports surfaced that she's being considered for secretary of Veterans Affairs. Newslook
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Steven Mnuchin, a hedge fund manager and former Goldman Sachs executive, is President-elect Donald Trump's choice for Treasury secretary, a source told USA TODAY. Here is what we know about the 53-year-old. USA TODAY NETWORK
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Donald Trump's pick for Commerce secretary is billionaire businessman Wilbur Ross. Here is what we know about the 'King of Bankruptcy.' USA TODAY NETWORK
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U.S. Rep. Tom Price is an outspoken critic of Obamacare. Video provided by Newsy Newslook
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The former Secretary of Labor and wife to Senate Majority Leader Mitch McConnell will be joining the Trump administration. USA TODAY
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Fox News analyst KT McFarland and lawyer Don McGahn are the two latest additions to Donald Trump's White House. Video provided by Newsy Newslook
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President-elect Donald Trump senior adviser Kellyanne Conway says she has personal concerns with the prospect of Mitt Romney being selected as secretary of state. Time
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Donald Trump has selected Michigan Republican, Betsy DeVos, for Secretary of Education. Here is what we know about her. USA TODAY NETWORK
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Billionaire investor Wilbur Ross is expected to be President-elect Donald Trump's choice for Commerce secretary, a senior transition official said. Trump met with Ross on Sunday at his New Jersey golf club. AP
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President-elect Donald Trump has selected South Carolina Gov. Nikki Haley as ambassador to the United Nations, and he will treat it as a cabinet-level position. That’s according to two sources familiar with Trump’s decision. (Nov. 23) AP
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Donald Trump had a few choice words for top executives and anchors from several major TV news networks. But it seems he also wanted to make peace. Video provided by Newsy Newslook
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Speculation has been growing over how much time Donald Trump will spend in New York City. Newslook
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President-elect Donald Trump shares a specific agenda for his first 100 days in office in a newly uploaded video to his transition team's Facebook page.
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Trump was meeting Saturday with one of his sharpest Republican critics of the campaign, 2012 presidential candidate Mitt Romney, at Trump’s golf club in New Jersey. Time
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President-elect Donald Trump's chief strategist Stephen Bannon is causing a social media firestorm with his controversial commentary and projects. Let's take a closer look at some of his past positions. USA TODAY NETWORK
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Here's a look at some of the major players on Donald Trump's inauguration team. USA TODAY
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Michael Flynn would be an addition to Trump's cabinet that has many top Democrats on edge. USA TODAY, Collin Brennan
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President-elect Donald Trump and Russian President Vladimir Putin spoke on the phone on Monday to discuss the future of the US-Russia relationship. USA TODAY
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Justice Ruth Bader Ginsburg is acknowledging that the outcome of last week's election means that Donald Trump will fill the 9-month-old Supreme Court vacancy. Ginsburg did not otherwise comment on the presidential election Monday. (Nov. 14) AP
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Donald Trump is reportedly considering appointing an openly gay man as U.N. ambassador and a woman as RNC chair. Video provided by Newsy Newslook
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The UKIP leader has told his country's government that he is happy to "provide introductions" to the U.S. President-elect. Time
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President-elect Donald Trump has chosen Republican Party Chairman Reince Priebus as his White House chief of staff and conservative media executive Stephen Bannon as his senior counselor. (Nov. 13) AP
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President-elect Donald Trump said he plans to deport about two to three million undocumented immigrants, speaking in a pre-taped interview that will air Sunday night. Time
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Without offering details, Donald Trump's presidential election campaign manager, Kellyanne Conway said Trump will build "a fabulous cabinet, filled with people who are qualified to do this job and understand very clearly what his goals are." (Nov. 12) AP
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President-elect Donald Trump, who had repeatedly campaigned on a promise to repeal the Affordable Care Act, said Friday that he would consider keeping certain parts of the health care law after meeting with President Obama at the White House. Time
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Donald Trump shakes up his White House transition team, appointing running mate Mike Pence to head the process of filling key administration posts, and demoting New Jersey Governor Chris Christie to a deputy role. Video provided by AFP Newslook
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The vice president-elect will replace Chris Christie and head Donald Trump's transition team. Time
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Donald Trump told The Wall Street Journal he might keep some provisions of President Obama's health care law after all. Video provided by Newsy Newslook
- Rick Perry: Trump's reported pick for Energy secretary
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- Mnuchin: What we know about Trump's pick for Treasury
- Wilbur Ross: A look at Trump's pick for Commerce secretary
- Trump makes pick to head U.S. Department of Health And Human Services
- Trump taps Elaine Chao for Transportation Secretary position
- Meet the two newest additions to the Trump team
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- Betsy DeVos: Trump's pick for Education secretary
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- What Trump and Putin discussed over the phone
- Justice Ginsburg: Trump will fill court vacancy
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