President TrumpDonald John TrumpDOJ threatens executive privilege over Mueller report if Dems carry out contempt vote Trump touts ‘BIG FIREWORKS’ returning to Mt. Rushmore for July 4 Trump taps ex-State spokeswoman Heather Nauert to help oversee White House fellowships MORE’s attorneys say that lawmakers have agreed to provide them with “substantial portions” of congressional subpoenas issued for financial records tied to Trump, his family members and his private businesses.
In a letter to U.S. District Judge Edgardo Ramos in the Southern District of New York, Trump attorney Patrick Strawbridge wrote that the president’s legal team and attorneys for the House were able to strike a deal on sharing the documents requesting financial records from Capital One and Deutsche Bank.
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Strawbridge said in the letter that as a result of the agreement, he no longer believes that it will be necessary for the parties to appear before the federal judge in a hearing planned for Thursday.
Attorneys for the president had been seeking copies of the subpoenas issued by House Financial Services Committee Chairwoman Maxine WatersMaxine Moore WatersOn The Money: Stocks sink on Trump tariff threat | GOP caught off guard by new trade turmoil | Federal deficit grew 38 percent this fiscal year | Banks avoid taking position in Trump, Dem subpoena fight Banks say they take no position in Trump lawsuit over congressional subpoenas With little popular interest in impeachment, Americans may be all Trumped out MORE (D-Calif.) and House Intelligence Committee Chairman Adam SchiffAdam Bennett SchiffOn The Money: Stocks sink on Trump tariff threat | GOP caught off guard by new trade turmoil | Federal deficit grew 38 percent this fiscal year | Banks avoid taking position in Trump, Dem subpoena fight House Intel panel threatens ‘compulsory’ action to force DOJ to produce Mueller files Banks say they take no position in Trump lawsuit over congressional subpoenas MORE (D-Calif.). The lawmakers had requested that the banks provide Congress with financial records pertaining to the president.
The Trump lawyers have previously said that neither the lawmakers nor the banks would provide the documents, but that Deutsche Bank provided them with a summary indicating that the request was sweeping and pertained to years of records.
Trump, his family members and his private businesses sued the banks last month to try to block them from complying with the subpoenas. Both banks have said that they will not comply with the request for documents until a judge makes a decision on whether to issue a preliminary injunction in the case.
The House committees behind the subpoenas have since intervened in the case, making them the target of the lawsuit.
Each of the financial institutions said in letters filed on Tuesday that they did not take a position in the legal battle.
Trump has also sued House Oversight and Reform Committee Chairman Elijah CummingsElijah Eugene CummingsHillicon Valley: Dem bill would fine credit agencies for breaches | Facebook’s Sandberg meets senators on privacy | Baltimore hit with ransomware attack | Dems demand NSA update on surveillance program Trump, Dems escalate battles over investigations Banks say they take no position in Trump lawsuit over congressional subpoenas MORE (D-Md.) to block a subpoena issued for financial records from the accounting firm Mazars.
The House Democrats have criticized the lawsuits as an attempt to obstruct their investigations into the president.
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