Banks Ordered To Hand Over Trump Financial Records To Congress

Banks Ordered To Hand Over Trump Financial Records To Congress

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Social Studies

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The transcript discusses congressional subpoenas for President Trump's financial records, issued by House committees to Deutsche Bank and Capital One. The Trump Organization and his family sued to block these subpoenas, arguing they lacked a legitimate legislative purpose. However, both the District and appeals courts sided with the committees, emphasizing Congress's interest in the investigations. Despite the court's decision, the banks stated they do not possess Trump's tax returns. The appeals court provided a compliance timeline but allowed time for an appeal to the Supreme Court.

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