
The US President confirms in an interview with CBS News that his children manage his money invested on Wall Street, amid Democratic accusations of corruption.
US President Donald Trump claimed in an interview with CBS News that he does not interfere in managing his financial affairs and that he sold his assets, coinciding with the Democrats' pledge to investigate his companies' relationships with foreign entities.
AI-generated summary
Trump faces repeated accusations from Democrats about potentially profiting from his presidential position through his family businesses.
US President Donald Trump claimed, in an interview with CBS News broadcast on Monday, that he does not interfere in managing his own financial affairs, and that he has sold his assets since taking office. This allegation comes in the wake of accusations leveled against him by Democrats of making profits from his presidential position, pledging to investigate the relationships of Trump's companies with foreign entities.
In an interview with the "60 Minutes" program, Trump said that one of his sons - whom he described as "a very upright and good man" - is the one who manages his money, noting that most of this money is "invested in major companies on Wall Street." Trump did not specify which of his children he meant.
Asked why he had not done more to distance himself from his family's business, Trump said: "How do you get rid of cash? So, I got a lot of criticism because, I think, they traded about 50,000 shares, that's their job. It's all done by computer. I have no idea what the hell they're buying."
The president also downplayed concerns that other countries were seeking to buy influence within the White House by supporting the Trump Organization, and said that "every president has a problem" with outside parties trying to curry favor with the president.
Trump avoided answering a question posed by CBS News' Ross Douthat about corruption accusations he made against former President Joe Biden regarding his family's business interests.
Corruption was one of the most important issues on voters' minds ahead of the midterm elections, and Democrats announced that it would form a pivotal part of their political agenda in Congress during the coming year.
AI outlook — possibilities, not facts
Democrats launch congressional investigations into Trump's corporate relationships
Very likely · Within months

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