BREAKING: The Supreme Court dealt President Trump a major defeat Thursday by rejecting his claims of presidential immunity and upholding subpoenas from New York prosecutors seeking his tax returns and financial records
The Supreme Court dealt President Trump a major defeat Thursday by rejecting his claims of presidential immunity and upholding subpoenas from New York prosecutors seeking his tax returns and financial records.
In a related case involving a similar subpoena from House investigators, the court also ruled the president did not have immunity. But justices vacated the House subpoenas, saying lower courts failed to properly balance the legal and constitutional questions raised by the request. They sent the matter back to lower courts for review.
In past rulings on similar high-profile cases, the court had unanimously ruled that the president is not above the law, forcing President Nixon to hand over the Watergate tapes and President Clinton to be deposed in the Paula Jones harassment lawsuit. After Democrats won control of the House in the 2018 midterm election, three separate committees — on oversight, intelligence and financial services — issued broad subpoenas to Trump's accountants demanding records going back to 2010 on Trump's personal and family finances. A subpoena to Deutsche Bank sought records on loans taken out by Trump and his organization.
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