Trump postpones business plan announcement, warned over DC hotel

President-elect Donald Trump has rescheduled his original plan to lay out his strategy to the press for dissolving ties with his real estate business empire in order to avoid conflict of issue while he serves in the White House.

Trump had originally intended to address the matter on Thursday, Dec. 15.

In a series of tweets late Monday evening, Trump revealed the delay, but only offered hints to his intent to hand over control of his real estate holdings to sons Donald Jr., and Eric.  Trump also assured the separation from his businesses would occur before he assumed the Oval Office.

Following revelations he would put off the announcement regarding control over the Trump Organization, RNC chief strategist and communications official Sean Spicer told reporters Trump’s announcement would be made in January 2017.  Spicer offered no further details for the delay.

Trump’s announcement to delay disclosure of his plans to remove himself from his business interests was met with a statement from the General Services Administration on Tuesday in which the agency declared Trump will breach a lease between the federal government and the Trump-owned Trump International Hotel in Washington, D.C., should he retain control over of the building.

Trump previously negotiated a 60-year-lease on the Old Post Office building on Pennsylvania Avenue.

A president or other elected officials are prohibited from maintaining a financial stake in property under contract with the federal government.

Similarly, 23 Senate Democrats sent a letter to the Trump transition team on Tuesday morning demanding the New York businessman liquidate his asset holdings and place it into a blind trust.

Mr. Trump owns or is involved in approximately 500 companies globally and include golf courses, resorts, hotels and casinos.

 

[Reuters] [Roll Call] [CNN Money] [Photo courtesy Joel Pollak/Breitbart News]