BREAKING: The Supreme Court kept a hold on President Trump’s financial records that Congress has been seeking for more than a year. The ruling returns the case to lower courts, with no clear prospect for when the case might ultimately be resolved
1 / 2Supreme CourtThe Supreme Court, Wednesday, July 8, 2020, in Washington. WASHINGTON — The Supreme Court on Thursday upheld the Manhattan district attorney's demand for President Donald Trump's tax returns, but kept a hold on Trump’s financial records that Congress has been seeking for more than a year.
Because the grand jury process is confidential, the rulings make it likely that none of Trump’s financial records will become public soon. The ruling returns the case to lower courts, with no clear prospect for when the case might ultimately be resolved. The tax returns case also is headed back to a lower court.The fight over the congressional subpoenas has significant implications regarding a president’s power to refuse a formal request from Congress. In a separate fight at the federal appeals court in Washington, D.C.
The subpoenas are not directed at Trump himself. Instead, House committees want records from Deutsche Bank, Capital One and the Mazars USA accounting firm. Mazars also is the recipient of Manhattan District Attorney Cyrus Vance’s subpoena.
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