US Congress given green light to seek Trump financial records

Trump loses appeal to stop House subpoena of his tax documents

A federal appeals court on Friday rejected US President Donald Trump's bid to block the release of years of his financial records, inflicting the latest setback in his effort to stop House Democrats gathering evidence for their impeachment inquiry. Armed with the documents, Democratic lawmakers will be able to more fully explore any conflicts of interest in the executive branch and whether the president has violated the Constitution's emoluments clauses.

"The Trump appointee dissented", Colombus tweeted, "giving Trump some hope that he might eke out a (ridiculous) win" if he appeals the ruling to the Supreme Court.

On Oct. 7, the U.S. Second Circuit Court of Appeals in NY granted an emergency stay to Trump, who had asked the court to block a subpoena issued by Manhattan District Attorney Cy Vance. "Congress has oversight authority to request information like this, and the president really does not have authority to stonewall".

Neomi Rao, who was confirmed to the appeals court in March, to fill a seat vacated by the supreme court pick Brett Kavanaugh, dissented from the ruling.

Trump is also fighting subpoenas by House committees seeking his financial records from Deutsche Bank AG and Capital One Financial Corp, though those records do not include his tax returns.

"When the House chooses to investigate the President for alleged violations of the laws and the Constitution, it must proceed through impeachment, an exceptional and solemn exercise of judicial power established as a separate check on public officials", she wrote. Trump argued that Congress's request had no legitimate legislative objective and should be rejected. A ruling in the president's favor in this case would have been "a very significant change in the balance of power, because it would represent a significant narrowing of congressional subpoena power", said David Sklansky, a law professor at Stanford University.

Trump's legal team told Fox News they are "reviewing options".

The decision marked a major victory for Democrats leading wide-ranging congressional investigations into the president's business affairs after he reneged on a campaign promise to release his tax returns. District Judge Amit Mehta upheld the subpoena in May, and the Trump administration appealed.

Meanwhile, earlier this week, Trump was granted at least a brief reprieve Monday after a federal judge issued a scathing order allowing the Manhattan District Attorney's Office to subpoena his tax returns from Mazars USA.

The U.S. Court of Appeals for the District of Columbia Circuit, in a 2-1 decision, affirmed a lower court decision that the House Oversight Committee subpoena for documents from Mazars LLP accountants was valid.

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