IT WOULD BE ‘A FIRE SALE’: Reporter says Trump will not sell his businesses before taking office

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From left, Eric Trump, Donald Trump Jr., and Ivanka Trump with Donald Trump at the ground-breaking of the Trump International Hotel at the Old Post Office Building in Washington in 2014.
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REUTERS/Gary Cameron

President-elect Donald Trump will not liquidate his massive business empire before he moves into the White House, a Wall Street Journal reporter said in a CNN interview on Thursday night.

Monica Langley cited an unnamed senior official in the Trump Organization who said the Trump family saw conflict-of-interest issues surrounding the president-elect as a no-win situation.

Citing sources who have knowledge of the Trump family’s thinking, Langley described their concerns: “How can we put these hundreds of millions of dollars per property on the market? It’d be a fire sale, we’d lose tons of money.”

Langley added: “Now they’re thinking these assets could bring lots of money. Foreign entities, sovereign wealth funds would want to buy and pay lots of money to try to curry favor with the Trump administration.”

Langley cited one senior official in the Trump Organization who said “we can’t win at this point if we tried to liquidate.”

The president-elect abruptly postponed a news conference on these matters originally scheduled for Thursday, and he said a future announcement had not been scheduled but would happen before the January 20 inauguration.

Calls for Trump to shed his multiple business interests – which include assets in 20 countries, according to The New York Times – have been consistent and loud.

Many have suggested that if he does not divest, he would be in violation of the US Constitution’s Emoluments Clause upon taking office. That clause prohibits government officials from receiving gifts from foreign nations.

Sen. Elizabeth Warren of Massachusetts promised on Thursday that she, along with four other Democratic senators, would introduce legislation to force Trump to divest himself entirely of his business empire.

Trump has previously insisted that he will not be involved in his companies’ day-to-day operations while he is in the White House, but he is likely to leave two of his sons in charge, leaving the businesses in close proximity.

Watch Monica Langley’s comments on Trump’s assets:

Monica Langley, citing seniorsource on CNN, reports Trump will NOT divest from his businessesbut adds decision could change pic.twitter.com/KLYZJ2TleM

pic.twitter.com/KLYZJ2TleMDecember16, 2016