“Members of Donald Trump’s cabinet are obliged to sell more than $1 billion worth of assets to prevent conflicts of interest, a process that is proving difficult and time-consuming. A Wall Street Journal review of those needed sales shows almost three-quarters of the total is held in illiquid assets such as real estate, closely held companies and stakes in private-equity funds, likely extending the time necessary to unwind the positions.”
“The process is leaving some Trump administration officials facing potential restrictions on the work they can do until the sales are completed, under rules requiring them to recuse themselves from issues that might benefit them financially. Some of the assets being sold involve investments in industries that cabinet members are now charged with overseeing.”
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