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Trump loses lawsuit challenging financials subpoena

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Trump loses lawsuit challenging financials subpoena

Trump loses lawsuit challenging financials subpoena

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.

Jonah Green is on the story.

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Trump loses lawsuit challenging financials subpoena

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 -- seen here in 2012 -- also denied a request by Trump to stay his decision pending an appeal.Trump's lawyers argued that Congress is just looking for something damaging to use against the president in an election year.

But Monday's ruling found that the committee "has shown that it is not engaged in a pure fishing expedition for the President's financial records" and that the Mazars documents might assist Congress in passing laws and performing other core functions.

It was the first time a federal court had waded into the tussle about how far Congress can go in probing Trump and his business affairs.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.




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