A federal judge in New York on Wednesday ruled that Deutsche Bank and Capital One may provide President Trump’s financial records to House Democratic lawmakers after the administration attempted to block the move, according to multiple media reports.
U.S. District Judge Edgardo Ramos, an Obama appointee, made the ruling in a New York courthouse Wednesday afternoon after hearing arguments from both parties in the case.
The ruling is the second setback for the president this week in his fight to stop lawmakers from gaining access to his financial records as part of their sweeping probes into him, his administration, his private businesses and his family.
Trump, his businesses and family members had argued for the federal court in New York to issue a preliminary injunction to block the subpoenas for documents.
Trump had sued the financial institutions to try and block them from handing over the documents in response to subpoenas issued by House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and House Intelligence Committee Chairman Adam Schiff (D-Calif.). The president’s attorneys had requested a preliminary injunction in the case, claiming that there would be “irreparable harm” if the financial records were given to House Democrats.
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