search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountSterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debtSterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debtHousing deal critics spin themselves sillyHousing deal critics spin themselves silly
New York

Trump cancels press conference on business interests

The announcement won't come until January

<em>Donald Trump (credit: Getty Images)</em>
Donald Trump (credit: Getty Images)

President-elect Donald Trump is holding off on revealing his plans for his businesses once he takes office.

Tump [TRDataCustom] canceled a press conference planned for Thursday where he was expected to discuss potential conflicts of interest issues between the White House and the Trump Organization, the Wall Street Journal reported. The conference is expected to be held sometime next month but has not yet been rescheduled.

Sign Up for the undefined Newsletter

“The president-elect has been focused on putting a team in place to enact real change starting on day one,” Sean Spicer, Trump spokesperson, said in a statement. “With so many iconic properties and successful entities, moving the announcement to January ensures the legal team has ample time to implement the proper protocols so his sole focus will remain on the country and achieving his ambitious agenda with the help of the world-class cabinet he has built.”

The announcement would’ve been his first press conference since July 27.

Trump’s plans for his company are not yet clear. Previous reports have indicated that he’s considering a “legal structure” that would allow him to separate himself from the company without a complete divestiture. The Office of Government Ethics has urged him to divest his businesses. On Nov. 30, Trump wrote on Twitter that he would be leaving his ” great business in total” even though he isn’t required to by law. In the December issue, The Real Deal explored Trump’s various potential conflicts. [WSJ] — Kathryn Brenzel 

Tags
Donald Trump