Trump Loses Another Court Battle on Financial Records

Supreme Court is next
By John Johnson,  Newser Staff
Posted Dec 3, 2019 12:57 PM CST
Trump Loses Another Court Battle on Financial Records
President Trump walks to Marine One after speaking with reporters on the South Lawn of the White House Monday, Dec. 2, 2019.   (AP Photo/Alex Brandon)

At some point soon, the Supreme Court will have to step in and decide once and for all: Can Congress look at President Trump's financial records? On Tuesday, Trump lost another legal battle to keep them private, this one in federal appeals court, reports Politico. The 2nd US Circuit Court of Appeals ruled that Deutsche Bank and Capital One must comply with subpoenas from the House Financial Services and Intelligence committees to hand over records about Trump's financial ventures. The court said Congress was within its rights to ask for them as it investigated whether Trump was "vulnerable to foreign exploitation," per the AP.

“The Committees’ interests in pursuing their constitutional legislative function is a far more significant public interest than whatever public interest inheres in avoiding the risk of a Chief Executive’s distraction arising from disclosure of documents reflecting his private financial transactions,” says the court decision. Trump attorney Jay Sekulow reiterated that he thinks the subpoena requesting the records is invalid. The president's legal team is expected to appeal to the Supreme Court, as it did in a similar case. (More Trump tax return stories.)

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