Trump vows to leave his businesses by Jan. 20

President-elect Donald Trump announced on Twitter late Monday that he will release control of his businesses before taking the Oval Office on Jan. 20.

“Even though I am not mandated by law to do so, I will be leaving my businesses before January 20th so that I can focus full time on the……Presidency. Two of my children, Don and Eric, plus executives, will manage them. No new deals will be done during my term(s) in office,” Trump tweeted around 11:30 p.m. EST Monday.

The proclamation comes hours after Trump delayed a planned news conference in which he had been slated to discuss the future of his business interests. The press conference was delayed until January.

Trump had said on Nov. 30 that he would be holding a news conference in early December to reveal how he planned to leave his businesses. On Sunday, Trump told Fox News he was considering ways to include daughter Ivanka Trump and her husband Jared Kushner in his administration, which is why they aren’t being considered for management of the Trump Organization.

Trump expected to pick Exxon CEO to lead State Department

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President-elect Trump was expected to name ExxonMobil CEO Rex Tillerson as his nominee to lead the State Department Tuesdsay morning, making a bet that the oil titan’s experience negotiating international energy deals would make him a capable top diplomat.

Several reports late Monday said Tillerson had been named, and former Gov. Mitt Romney said Monday he was no longer in the running.

If he is the nominee, Tillerson’s business background would give him a lower-profile among voters than the most recent secretaries of state with political backgrounds, although he is still well-known in political circles. A longtime Republican donor, his status as leader of one of the largest companies in the world gave him plenty of experience

12/12/16 11:11 PM

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