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Hearing on Trump taxes set for July 16 after Supreme Court ruling

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WASHINGTON -- A federal judge in New York City ordered a hearing for Thursday on a New York prosecutor's attempt to obtain President Donald Trump's financial records, including tax returns.

The hearing will allow Trump's defense to lay out its initial arguments opposing a subpoena from the Manhattan district attorney, after the Supreme Court this week rejected Trump's claims of presidential immunity in criminal investigations.

Manhattan District Attorney Cyrus Vance is seeking a subpoena for Trump's accounting firms and Deutsche Bank to hand over the documents as part of a grand jury investigation into possible hush money payments to women who said they had affairs with the Trump.

Since the New York case is before a grand jury, the documents would likely remain under wraps until after the November presidential elections, owing to the inherent secrecy of such proceedings.

In its decision the Supreme Court did not order the tax documents handed over. The ruling instead indicated that the president could try to fight the subpoenas at lower levels, like any other person, on regular legal grounds, such as with regards to the scope of the request.

 

In a statement, Deutsche Bank, one of the financial institutions with Trump records in the case, said it will "of course abide by a final decision by the courts."

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