![]() election to help Trump and on the president's attempts to impede the investigation. Trump said last month that the administration was "fighting all the subpoenas" issued by the House, hardening his position after the release of a redacted report from Special Counsel Robert Mueller on how Russia interfered in the 2016 U.S. He also rejected Trump's argument that they were barred by a federal financial privacy law, the Right to Financial Privacy Act, saying the law does not apply to congressional investigations. Ramos said that the committees had the power to issue the subpoenas under Congress' "broad" power to conduct investigations to further legislation. Trump, who is seeking re-election next year, has aggressively sought to defy congressional oversight of his administration since Democrats took control of the House in January. Capital One did not immediately respond to a request for comment. Deutsche Bank said it would abide by the court's decision. The White House did not immediately respond to requests for comment. Representative Brad Sherman, a Democratic member of the financial services committee, was more cautious, telling Reuters in an interview that he expected the decision would be appealed.Īsked if lawmakers should be satisfied that they will get the information they seek, Sherman said, "I'll believe it when I see it out of the U.S. "So far, I think the president would be wise to come to the realization that our legitimate areas of inquiry are going to be supported by the courts," Representative Dan Kildee, a Michigan Democrat and member of the House Ways and Means Committee, told Reuters in an interview. Some Democratic lawmakers welcomed the decision. Ramos said he would not suspend his decision pending appeal. It was the second time in three days that a judge had ruled against the Republican president in his fight with Democrats and Trump's lawyers were expected to appeal both decisions. The committees have agreed not to enforce the subpoenas for seven days, the judge said. ![]() House of Representatives committees last month. District Judge Edgardo Ramos in New York said Congress has the legal authority to demand the records, clearing the way for the banks to comply with subpoenas issued to them by two U.S. In a decision read from the bench after hearing arguments, U.S. The court has yet to approve the accelerated schedule. The panel said in a statement that under the schedule, written arguments could be submitted as early June 12, with briefings completed by July. leader's financial records from his accounting firm, the panel said in a statement on Wednesday. Meanwhile, he House Oversight Committee reached an agreement with President Donald Trump's attorneys Wednesday night to seek an expedited appeal in a court case in which lawmakers are seeking the U.S. ![]() President Donald Trump, three of his children and the Trump Organization on Wednesday lost their bid to block Deutsche Bank AG and Capital One Financial Corp from providing financial records to Democratic lawmakers investigating Trump's businesses.
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