Trump Says No Deals While in Office; Sons Will Run Company

  • President-elect was set to outline his plans on Dec. 15
  • Transition officials say Trump focused on cabinet selections

Bloomberg Politics’ Ben Brody discusses President-Elect Donald Trump’s plan to leave his sons Donald Jr. and Eric in charge of his businesses. He speaks on “Bloomberg Markets.” (Source: Bloomberg)

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President-elect Donald Trump gave his first clues as to how he’ll step away from his businesses, saying he would put his two sons Don and Eric in charge by Inauguration Day Jan. 20 but offering no information about his own role.

In a series of tweets late Monday night, Trump said he would make no new business deals during his time in the White House. The tweets came on the same day Bloomberg first reported he was postponing a Dec. 15 news conference to announce his business plan. He will instead make an announcement sometime next month before his inauguration, according to transition officials familiar with the deliberations.