Trump postpones announcement on future of businesses

Trump postpones announcement on future of businesses
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President-elect Donald TrumpDonald John TrumpJuan Williams: Trump gives life to the left Kennedy retirement rumors shift into overdrive Pompeo to outline post-deal strategy on Iran MORE is delaying an announcement about how he plans to handle his business once he takes office, according to a Trump transition spokesperson.

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In November, Trump announced that he would hold a news conference on Dec. 15 to divulge plans to leave his businesses to focus on the presidency. 

But has asked for more time because he has been occupied with filling out his Cabinet. 

Bloomberg was first to report the news.

A new date hasn't been picked yet, but the announcement will come before Trump's inauguration on Jan. 20, according to Bloomberg. 

Trump said in November that he would leave his global empire so as not to have a "conflict of interest with my various businesses." 

The president-elect said legal documents are "being crafted" to take him out of business operations. 

"The presidency is a far more important task," he tweeted. 

However, The New York Times reported last week that Trump plans to keep a stake in his business while handing his two adults sons the operational responsibilities of the company. 

Trump faced criticism recently over potential conflict of interests that could occur regarding his involvement in the Trump Organization while serving in the White House.

Last month, the president-elect said in an interview with the Times that the law is on his side.

"The president can't have a conflict of interest," he said during the interview.