/Trump loses appeal over House subpoena for financial records

Trump loses appeal over House subpoena for financial records

The U.S. Circuit Court of Appeals for the District of Columbia has affirmed a lower court’s ruling rejecting President Donald Trump’s challenge to a subpoena from House Democrats seeking the president’s tax returns.

The House Oversight and Reform Committee — chaired by Rep. Elijah Cummings, D-Md. — subpoenaed 10 years of Trump’s financial records from accounting firm Mazars USA and the Trump Organization in April.

The subpoena was prompted by the testimony of Trump’s former attorney and fixer, Michael Cohen, who told Congress that Trump inflated and deflated the value of his assets for his personal benefit.

The president has attempted to block the subpoena, challenging the authority of the committee to obtain his financial records.

This is a breaking story, please check back for updates.

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