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The Supreme Court just set the stage for a blockbuster ruling on Trump's financial records

Added 12-14-19 01:14:02am EST - “The Supreme Court is President Donald Trump's last hope to conceal his finances from the public.” - Businessinsider.com

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Posted By TheNewsCommenter: From Businessinsider.com: “The Supreme Court just set the stage for a blockbuster ruling on Trump's financial records”. Below is an excerpt from the article.

The Supreme Court on Friday agreed to take up three cases regarding President Donald Trump's tax and financial records.

Two of the cases involve congressional subpoenas from Democratic-led committees investigating Trump's financial background. The third relates to the Manhattan district attorney's office's efforts to obtain Trump's business records to investigate whether the Trump Organization broke state law.

The Supreme Court is scheduled to begin hearing the cases in March and will come to a ruling by the end of its term in June. Currently, the court has a 5-4 conservative majority, and two of the justices, Neil Gorsuch and Brett Kavanaugh, are Trump appointees.

The House oversight, financial services, and intelligence committees subpoenaed Trump's accounting firm, Mazars USA, and two of his banks, Deutsche Bank and Capital One, as part of an investigation into the president's potential conflicts of interest and foreign business ties.

Trump then sued the oversight committee in federal court in Washington, DC, to block the Mazars subpoena, and he sued the financial services and intelligence committees in New York to block the subpoenas to Deutsche and Capital One. In these congressional cases, Trump's lawyers argued that Congress does not have a legitimate legislative purpose in examining his records and is going on a "sweeping" and "extraordinary" fishing expedition.

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