Domenica, 04 Dicembre, 2016

Donald Trump plans to announce he's leaving his business 'in total'

Trump to put aside business empire names Treasury chief Trump to put aside business empire names Treasury chief
Rufina Vignone | 02 Dicembre, 2016, 12:09

"He needs to choose someone that he is very comfortable with", said Sen. Chuck Schumer, the incoming Senate Democratic leader.

Rep. David McKinley has sold his West Virginia engineering and architecture firm, but it still bears his name - and that earned the Republican congressman a rebuke from the House Ethics Committee.

The White House is praising President-elect Donald Trump's deal with Carrier keep almost 1,000 jobs in the United States, but is trying to play down the significance of the agreement.

But diplomats say that kind of erratic messaging, if continued during Trump's presidency, would pose a unique challenge to those trying to conduct foreign policy, and could lead to miscommunication, or worse. An analysis by The New York Times, published last Saturday, said Trump's companies have business operations in at least 20 countries. "This is the power of a team coming in that is so focused on our economy and helping to create and save American jobs, to protect American jobs that are here". He will be the first president not to have held elected office or a position in the military.

Spokesmen for Trump's transition and the Trump Organization have not provided details.

Bharara is known for pursuing a series of high-profile cases targeting public corruption and crime on Wall Street, and has won praise in NY for pursuing corruption investigations involving state and city politics, as well as financial crime.

Also up for consideration for top diplomat is Gen. David Petraeus, former Central Intelligence Agency director. Bob Corker for the job.

Trump's personal fortune is also open to discussion. The president-elect also met with Corker and Petraeus this week.

"While I am not mandated to do this under the law, I feel it is visually important, as president, to in no way have a conflict of interest with my various businesses", Trump tweeted.

On the platform, Trump writes that legal documents are now being drafted to "completely remove them from business operations".

Conway said the specific transition plan would be announced at a December 15 press conference.

Republican Trump, also a former reality TV star who has never previously held public office, has said this would be impractical because it would be hard to sell off apartment buildings and other properties.

Donald Trump is a controversial business man.

Mnuchin also said the Trump administration would work "reasonably fast" to overhaul housing finance. He says funding options include some public-private partnerships.

"We're making sure that all those conflicts are taken care of", Priebus said.

He's putting people on notice that "eventually we are going to have higher interest rates and that's something that this country is going to need to deal with".

Yellen has said she has no plans to step down before her four-year term ends in early 2018.

He plans to scrap the 2010 Dodd-Frank financial reforms, enacted to protect consumers and the financial system from Wall Street excesses that some argue caused the financial crisis.

Meanwhile, former Goldman Sachs executive Steven Mnuchin confirmed he had been picked as treasury secretary. The billionaire investor been tapped as Trump's commerce secretary.

Some previous presidents have placed investments in a blind trust, but they were not required to do so. Some Republicans have said they should be wound down or eliminated.

He says "nobody has made better use on the internet" than he did, adding "Trump has done exactly the same thing".

The fact that he will hold a news conference is significant in itself.

Now, if Trump had simply left it at the dozen or so tweets he personally put out on those issues, we may just chalk it up to the president-elect responding to criticism lobbed his way ... but he didn't.

The president-elect may understandably be perturbed about another candidate questioning the legitimacy of his election - although we'd have to believe that he sowed those seeds with his "rigged election" campaign - but Trump won, and the moral high ground should be the path forward here.

Richard Painter, the chief ethics counsel to President George W. Bush, said a blind trust would not protect against some of the most risky conflicts from the Trump Organization holdings.

President-elect Trump tweeted Wednesday morning that he is drafting "legal documents.[to] take me completely out of business operations". He has previously dismissed concerns over potential conflicts between his businesses and the presidency.

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