Donald Trump said Monday night that his sons Eric and Donald Jr. would run his sprawling network of businesses after his Jan. 20 inauguration, but would do "no new deals" during his presidency.
"I will hold a press conference in the near future to discuss the business, Cabinet picks and all other topics of interest," the president-elect wrote on Twitter. "Busy times!"
A series of Trump tweets Monday night made clear that his daughter, Ivanka, also planned to step away from the business, but offered no details. Her husband, Jared Kushner, was a top adviser to Trump during the presidential campaign and is likely to play a senior, but as yet undefined, role at the White House.
Trump said last month that he would hold a "major news conference" on Dec. 15 to disclose how he would avoid conflicts of interest in the White House. But a Trump spokeswoman said Monday that the announcement had been pushed back to January to give legal advisers more time to establish "proper protocol."
Trump's vast network of businesses spanning the globe poses substantial risk of conflicts of interest. He has suggested he might continue to hold an ownership stake in his businesses, even if he steps away from day-to-day operations, but government watchdogs say that would still pose enormous ethical problems.
