- Jan 14, 2013
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https://www.washingtonpost.com/news...t-precedent-in-american-presidential-history/
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Donald Trump’s stunning victory will force the United States to confront a series of never-before-seen entanglements over the president’s private business, debts and rocky financial history.
No laws prohibit Trump from involving himself in his private company, the Trump Organization, while serving in the highest public office.
And Trump has so far resisted the long-standing presidential tradition of giving his holdings to an independent manager, stoking worries of conflicts of interests over his businesses’ many financial and foreign ties.
Trump’s business empire of hotels, golf courses and licensing deals in the U.S. and abroad, some of which have benefited from tax breaks or government subsidies, represents an ethical minefield for a commander in chief who would oversee the U.S. budget and foreign relations, some analysts say.
President-elect Trump will likely take the witness stand in a federal civil trial starting later this month, a first for an incoming president, over claims of fraud at his Trump University real-estate seminar series.
Other Trump companies are partially indebted to banks in Germany and China. On financial disclosure filings, Trump listed involvements in more than 500 companies, some in countries where the U.S. has sensitive diplomatic or financial relationships, such as Saudi Arabia, the United Arab Emirates and China....
"
Donald Trump’s stunning victory will force the United States to confront a series of never-before-seen entanglements over the president’s private business, debts and rocky financial history.
No laws prohibit Trump from involving himself in his private company, the Trump Organization, while serving in the highest public office.
And Trump has so far resisted the long-standing presidential tradition of giving his holdings to an independent manager, stoking worries of conflicts of interests over his businesses’ many financial and foreign ties.
Trump’s business empire of hotels, golf courses and licensing deals in the U.S. and abroad, some of which have benefited from tax breaks or government subsidies, represents an ethical minefield for a commander in chief who would oversee the U.S. budget and foreign relations, some analysts say.
President-elect Trump will likely take the witness stand in a federal civil trial starting later this month, a first for an incoming president, over claims of fraud at his Trump University real-estate seminar series.
Other Trump companies are partially indebted to banks in Germany and China. On financial disclosure filings, Trump listed involvements in more than 500 companies, some in countries where the U.S. has sensitive diplomatic or financial relationships, such as Saudi Arabia, the United Arab Emirates and China....
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