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. Tim O'Donnell