• Steven Mnuchin, national finance chairman of President-elect Donald Trump's campaign, walks to lunch at Trump Tower, Tuesday, Nov. 29, 2016, in New York. (AP Photo/Evan Vucci)

    Steven Mnuchin, national finance chairman of President-elect Donald Trump's campaign, walks to lunch at Trump Tower, Tuesday, Nov. 29, 2016, in New York. (AP Photo/Evan Vucci) (The Associated Press)

  • FILE - In this Jan. 5, 2016, file photo, Rep. Tom Price, R-Ga., chairman of the House Budget Committee appears before the Rules Committee, joined at right by Rep. John Yarmuth, D-Ky., on Capitol Hill in Washington.  Republicans hope that as President-elect Donald Trump's choice to run the Department of Health and Human Services, Price will preside over the dismantlement of President Barack Obama's signature health care law.    (AP Photo/J. Scott Applewhite, File)

    FILE - In this Jan. 5, 2016, file photo, Rep. Tom Price, R-Ga., chairman of the House Budget Committee appears before the Rules Committee, joined at right by Rep. John Yarmuth, D-Ky., on Capitol Hill in Washington. Republicans hope that as President-... elect Donald Trump's choice to run the Department of Health and Human Services, Price will preside over the dismantlement of President Barack Obama's signature health care law. (AP Photo/J. Scott Applewhite, File) (The Associated Press)

  • Billionaire investor Wilbur Ross talks with reporters in the lobby of Trump Tower, Tuesday, Nov. 29, 2016, in New York. (AP Photo/Evan Vucci)

    Billionaire investor Wilbur Ross talks with reporters in the lobby of Trump Tower, Tuesday, Nov. 29, 2016, in New York. (AP Photo/Evan Vucci) (The Associated Press)

The Latest: Trump says he's leaving his business

Markets Associated Press

The Latest on President-elect Donald Trump (all times EST):

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7:00 a.m.

Donald Trump says he's leaving his "great business" to his children so he can focus on being the nation's 45th president.

Trump tweeted early Wednesday that legal documents are being crafted to "take me completely out of business operations," adding, "the presidency is a far more important task!"

Trump had been under criticism for exposing himself to potential conflicts if he kept a role in his global business while being president.

He says he'll hold a news conference with his children on the subject on Dec. 15.

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3:20 a.m.

President-elect Donald 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.

Trump is moving forward with nominations, including former Goldman Sachs executive Steven Mnuchin (meh-NEW'-chen) as secretary of the Treasury.

Mnuchin's official announcement is expected as early as Wednesday, according to a person familiar with the decision who insisted on anonymity in order to confirm the pick ahead of time.

Trump on Tuesday chose Georgia Rep. Tom Price to oversee the nation's health care system, picking a fierce "Obamacare" critic who has championed efforts to privatize Medicare. And he selected another veteran Republican, Elaine Chao (chow), a former labor secretary, to lead the Department of Transportation.