Trump loses lawsuit challenging subpoena for financial records for vanguard news

Trump loses lawsuit challenging subpoena for financial records for vanguard news ,

A U.S. judge on Monday ruled in favor of a U.S. House of Representatives committee seeking President Donald Trump’s financial records from his accounting firm,

Dealing an early setback to the Trump administration in its legal battle with Congress. U.S. District Judge Amit Mehta in Washington also denied a request by Trump to stay his decision pending an appeal.

Last Tuesday Mehta heard oral arguments on whether Mazars LLP must comply with a House of Representatives Oversight Committee subpoena.

“It is simply not fathomable that a Constitution that grants Congress the power to remove a President for reasons including criminal behavior would deny Congress the power to investigate him for unlawful conduct – past or present – even without formally opening an impeachment inquiry,” Mehta said.

“It’s totally the wrong decision by obviously an Obama-appointed judge,” Trump said.

Trump is refusing to cooperate with a series of investigations on issues ranging from his tax returns and policy decisions to his Washington hotel and his children’s security clearances.

The standoff deepened on Monday when Trump told former White House counsel Don McGahn to defy a subpoena to testify about Special Counsel Robert Mueller’s Russia investigation before a different congressional committee.

Trump’s lawyers have argued that Congress is on a quest to “turn up something that Democrats can use as a political tool against the president now and in the 2020 election.”

The House Oversight Committee claims sweeping investigative power and says it needs Trump’s financial records to examine whether he has conflicts of interest or broke the law by not disentangling himself from his business holdings, as previous presidents did.

Mazars has avoided taking sides in the dispute and said it will “comply with all legal obligations.”

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