President-elect Donald Trump, “insisting he will not divest himself of his vast business empire as he prepares to assume the presidency, plans instead to turn over all of his business operations to a trust controlled by his two oldest sons and a longtime associate,” the New York Times reports.
“He will donate to the United States government all profits from foreign government payments to his hotels, the officials said, describing the arrangements as voluntary measures taken to answer concerns about potential conflicts of interest that would allow Mr. Trump to focus on running the country.”
Washington Post: “But Trump’s commitment will not resolve what federal officials and ethics advisors say is his most key conflict: His continuing ownership of his business, the Trump Organization. That will ensure Trump will still have a vested financial interest in a global private company when he takes office next week.”
