Updated Nov 14, 2019

Read: Appeals court rules Congress can access Trump's tax records

President Trump speaks during a Cabinet Meeting at the White House on Oct. 21. Photo: Brendan Smialowsky/AFP via Getty Images

Congress can seek eight years of President Trump's tax records, according to a federal appeals court ruling on Wednesday.

Why it matters: It's a major setback for Trump, who's tried to block every attempt to make his tax returns public and plans to take the case to the U.S. Supreme Court.

What they're saying: Trump's lawyer Jay Sekulow confirmed after the 8-3 vote by the U.S. Court of Appeals for the D.C. Circuit that rejected the president's request to "rehear arguments that the subpoena to Mazars LLP was illegitimate" that his legal team would appeal to the Supreme Court, per Reuters.

  • Sekulow said after Trump lost his New York tax returns fight that the issue "goes to the heart of our republic," per Bloomberg. "The constitutional issues are significant," he said.

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Editor's note: This article has been updated with new details throughout.

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President Trump. Photo: Alex Wong/Getty Images

The Justice Department said it supported President Trump's Supreme Court fight to block his tax returns from being disclosed to a New York prosecutor, Reuters reports.

Why it matters: The court filing comes one week after Trump filed an appeal individually to reverse a lower court's ruling that directed his accounting firm, Mazars LLP, to hand eight years worth of tax returns to the prosecutor. Separately, the Supreme Court temporarily blocked the House's subpoena for Trump's tax returns this week.

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Trump asks the Supreme Court to protect his financial records from Congress

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President Trump's private lawyers asked Chief Justice John Roberts on Friday to stay an appeals court decision giving the House Oversight and Reform Committee the OK to subpoena the president's personal and business financial records.

The big picture: The request comes a day after Trump asked the Supreme Court to keep his longtime accounting firm, Mazars USA, from turning over his tax returns to the Manhattan district attorney. Trump has filed at least three lawsuits to block the release of his tax returns.

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Supreme Court grants emergency stay blocking subpoena for Trump tax returns

Photo: Joshua Lott/AFP via Getty Images

The Supreme Court on Monday granted an emergency stay blocking Congress from enforcing a subpoena for President Trump's financial records, which a lower court had upheld in October.

Why it matters: The court didn't explain its reasoning, but the decision makes it likely that it will take up the case. For now, Trump's longtime accounting firm Mazars USA will not be forced to turn over Trump's tax returns to House Democrats investigating the president.

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