Donald Trump Says He Will Leave His Businesses by Inauguration Day to "Focus Full Time on the Presidency"

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"Two of my children, Don and Eric, plus executives, will manage them. No new deals will be done during my term(s) in office."

Donald Trump announced via Twitter on Monday night that he will leave his businesses in the hands of two of his sons in order to "focus full time on the Presidency."

He also vowed in the posts that "no new deals will be done during my term(s) in office." 

The president-elect originally planned a Dec. 15 press conference where he would explain his business plans going forward but has since postponed the event. In his tweets on Monday, he said that he will hold a press conference "in the near future" to discuss topics of business and cabinet picks. 

Trump's series of tweets read: "Even though I am not mandated by law to do so, I will be leaving my busineses 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."

This includes his financial stake in Celebrity Apprentice, premiering in January with new host Arnold Schwarzenegger. Trump's name will appear in the credits of the new iteration as executive producer. The news that he would remain attached to the show, and to NBC and MGM, led to questions about potential conflicts of interest. There are ethical concerns about how NBC will handle coverage and advertising for Trump once the show debuts, even though Trump has tweeted that he will devote "zero time" to the show.

Earlier on Monday, the Associated Press reported that Trump selected Exxon Mobil CEO Rex Tillerson as his secretary of state. 

Trump's decision caps a lengthy process that often played out in public and exposed rifts within his transition team. It also sets Trump up for a potential fight with Congress over confirming Tillerson, who has connections with Russian President Vladimir Putin.