Trump says he will give control of businesses to his sons before the inauguration

President-elect Donald Trump announced over Twitter late Monday night that he will hand over control of his businesses to his two adult sons before he takes the oath of office.

“Even though I am not mandated by law to do so, I will be leaving my busineses (sic) before January 20th so 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 wrote in two tweets.

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……

— Donald J. Trump (@realDonaldTrump) December 13, 2016

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.

— Donald J. Trump (@realDonaldTrump) December 13, 2016

He did not mention his daughter Ivanka’s role in the businesses. She and her family are reportedly planning to move to Washington.

Earlier Monday evening, Trump postponed a press conference detailing his plans for his businesses while in office. The press conference was originally scheduled to take place Thursday.

I will hold a press conference in the near future to discuss the business, Cabinet picks and all other topics of interest. Busy times!

— Donald J. Trump (@realDonaldTrump) December 13, 2016

{mosads}Trump blamed the delay on his work to fill out his Cabinet.

Early Tuesday morning, Trump announced his choice of Rex Tillerson, chairman and CEO of Exxon Mobile, as Secretary of State.

I have chosen one of the truly great business leaders of the world, Rex Tillerson, Chairman and CEO of ExxonMobil, to be Secretary of State.

— Donald J. Trump (@realDonaldTrump) December 13, 2016