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House can obtain Trump's financial records: court

Video Credit: Reuters - Politics - Duration: 01:07s - Published
House can obtain Trump's financial records: court

House can obtain Trump's financial records: court

In a blow to President Donald Trump's efforts to block oversight of his business dealings, a U.S. court on Friday backed a House of Representatives request for the Republican's financial records including tax documents.

Jonah Green reports.

In a major defeat for President Donald Trump, a U.S. appeals court on Friday backed House Democrats’ request for Trump’s financial records, including tax documents, from his accounting firm Mazars.

In a 2-1 decision, the DC court of appeals rejected an appeal by the president to block Mazars from handing over any information, affirming that the House Oversight Committee subpoena for documents was valid.

Trump’s lawyers can still appeal the decision before it goes into effect.

The House panel has said it needed the records in part to determine if Trump — whose business interests have ranged from real estate and golf courses to a reality TV show — complied with laws requiring disclosure of his assets.

It was the first time a federal court waded into the tussle over how far Congress can go in probing Trump and his business affairs, and marked an important victory for House Democrats.

Trump is separately trying to prevent New York state prosecutors from enforcing a subpoena against Mazars for eight years of his tax returns.

The office of Manhattan District Attorney Cyrus Vance is seeking the returns as part of a criminal investigation.




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