BUSINESS
11/30/2016 08:12 EST | Updated 11/30/2016 08:12 EST

Donald Trump Says He's Leaving Business To Avoid Conflict Of Interest

He said legal documents are "being crafted which take me completely out of business operations."

WASHINGTON — President-elect Donald Trump said Wednesday that he's leaving his business empire to focus on being the nation's 45th president, bowing to pressure to avoid potential conflicts of interest between governing and profiting from the private sector.

"I will be leaving my great business in total in order to fully focus on running the country in order to make America great again,'' he tweeted in a series of missives sent before dawn. "While I am not mandated to do this under the law, I feel it is visually important, as president, to in no way have a conflict of interest with my various businesses.''

Trump is tapping conservatives with deep ties to Washington and Wall Street to fill key cabinet roles. (Photo: Getty Images)

He said legal documents are "being crafted which take me completely out of business operations,'' he added, saying the presidency is "a far more important task!''

Meanwhile, former Goldman Sachs executive Steven Mnuchin, Trump's former campaign finance director, confirmed that Trump has picked him as treasury secretary and that billionaire investor Wilbur Ross has been chosen for commerce secretary.

Trump is tapping conservatives with deep ties to Washington and Wall Street to fill out key Cabinet roles as he continues to deliberate over his secretary of state.

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