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Trump Slams Russia Report as He Unveils Business Exit Plan

  • President-elect holds first news conference since July
  • Report of alleged Russian intelligence scheme derided by Trump
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Trump on Russia Allegations: It’s All Fake News

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President-elect Donald Trump denounced publication of uncorroborated memos alleging the Russian government had gathered potentially damaging information on him, and he said he would remove himself from his businesses to avoid conflicts of interest while president.

Trump’s first formal news conference since July was originally scheduled so he could detail how he will untangle his sprawling business empire, with more than 500 companies with $3.6 billion of assets and more than $600 million in debt and ties to more than 20 countries. He said he is stepping down from all positions at the Trump Organization, though he won’t be divesting his ownership in the company or placing it in a blind trust.