The subpoenas for Trump's financial records have been delayed until appeal decision
President Trump's appeal against an order from a federal judge which allowed for Deutsche Bank and Capital One to hand over financial records to Democratic lawmakers was successful in delaying the process, a Southern District of New York court filing revealed on Saturday.
Until a final decision is reached on the appeal, the two banks will not have to immediately comply with the subpoenas, which call for financial records of Trump, three of his children, and the Trump Organization. The delay is the result of what Reuters calls a "rare accord" between Trump's attorneys, the banks, and the House Intelligence and Financial Services Committees.
Trump's legal team has argued the subpoenas exceed the authority of Congress, but U.S. District Judge Edgardo Ramos found they do, in fact, fall under Congress' authority to conduct investigations to further legislation, Reuters reports.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.
-
5 highly hypocritical cartoons about the Second AmendmentCartoons Artists take on Kyle Rittenhouse, the blame game, and more
-
‘Ghost students’ are stealing millions in student aidIn the Spotlight AI has enabled the scam to spread into community colleges around the country
-
A running list of everything Donald Trump’s administration, including the president, has said about his healthIn Depth Some in the White House have claimed Trump has near-superhuman abilities
-
Trump sues IRS for $10B over tax record leaksSpeed Read The president is claiming ‘reputational and financial harm’ from leaks of his tax information between 2018 and 2020
-
Trump, Senate Democrats reach DHS funding dealSpeed Read The deal will fund most of the government through September and the Department of Homeland Security for two weeks
-
Fed holds rates steady, bucking Trump pressureSpeed Read The Federal Reserve voted to keep its benchmark interest rate unchanged
-
Judge slams ICE violations amid growing backlashSpeed Read ‘ICE is not a law unto itself,’ said a federal judge after the agency violated at least 96 court orders
-
Rep. Ilhan Omar attacked with unknown liquidSpeed Read This ‘small agitator isn’t going to intimidate me from doing my work’
-
Democrats pledge Noem impeachment if not firedSpeed Read Trump is publicly defending the Homeland Security secretary
-
The billionaires’ wealth tax: a catastrophe for California?Talking Point Peter Thiel and Larry Page preparing to change state residency
-
Hegseth moves to demote Sen. Kelly over videospeed read Retired Navy fighter pilot Mark Kelly appeared in a video reminding military service members that they can ‘refuse illegal orders’
