The upcoming Supreme Court decision could result in Trump's finances becoming public.
The justices' rulings will carry political, legal and constitutional implications for the president, Congress and law enforcement officials who have argued the records could reveal evidence of criminal wrongdoing or lead to new legislation on Capitol Hill.Trump, acting through his personal legal team, has refused to comply with subpoenas from three House committees controlled by Democrats, as well as Manhattan District Attorney Cyrus Vance Jr.
The House Committee on Oversight and Reform issued a subpoena to Mazars USA, Trump's accounting firm, more than a year ago seeking financial records from the president, his family business, a trust and the company that runs Trump International Hotel in Washington, D.C. Thus far, two federal courts have upheld the subpoena.
Trump's former personal lawyer, Michael Cohen, testified before Congress that as a private citizen, Trump routinely overstated or understated his holdings for financial gain. The panel wants to compare eight years of financial documents to Cohen's testimony and government disclosures. The House Financial Services Committee and the House Intelligence Committee issued subpoenas to Deutsche Bank and Capital One more than a year ago seeking records from Trump, his three oldest children and the Trump Organization. The panels are probing risky lending practices by major financial institutions and efforts by Russia to influence U.S. elections. They, too, have been upheld twice in lower courts.
The Manhattan district attorney's subpoenas came later as part of a criminal probe of hush-money payments that Cohen said were made to adult film star Stormy Daniels and former Playboy model Karen McDougal, who claimed they had affairs with Trump that he has denied. Once again, two lower courts upheld the subpoenas.
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