President Trump's son Eric Trump was questioned under oath Monday as part of New York's investigation into the Trump Organization's financial dealings, Bloomberg first reported and Axios can confirm.

The intrigue: The deposition comes less than a month out from Election Day, after a judge denied Eric Trump's motion to have it delayed until after Nov. 3. The 36-year-old Trump Organization executive vice president had argued he did not want the questioning to be used "for political purposes," per the New York Times.

  • Attorney General Letitia James asked a judge to compel Eric Trump's testimony in August, and the judge gave the Trump Organization executive until Oct. 7, the Times reports.

Background: The investigation is focused on whether the Trump Organization inflated the values of four properties "to obtain favorable terms for loans and insurance coverage, while also deflating the value of other assets to reduce real estate taxes," according to a previous statement from the office.

  • The probe is civil, and does not allege that crimes have been committed.

What they're saying: The N.Y. attorney general's office declined to comment on the latest developments.

  • The Trump Organization did not immediately respond to Axios' request for comment. But Eric Trump accused James in an August Twitter post of "prosecutorial misconduct" for pursuing the Trump organization.
  • "Without any basis, the NYAG has pledged to take my father down from the moment she ran for office," he said.

Go deeper

Oct 25, 2020 - Politics & Policy

Election night in Trumpworld

Photo illustration: Aïda Amer/Axios. Photo: Chris Carlson-Pool/Getty Images

A luxe election-night watch party at the Trump International Hotel on Pennsylvania Avenue is being planned for President Trump's donors, friends and advisers — but Trump's hand in it is minimal because he's "very superstitious" — people familiar with the plans tell Axios.

The big picture: This "mecca for all things MAGA," as one adviser described it, is one of three hubs where they say Trumpworld will watch returns. The others are the war room at campaign HQ in Rosslyn, Virginia, and the White House residence, where Trump and the first lady will gather close family and advisers before heading to the hotel later that night, the sources said.

What Matters 2020

The missed opportunities for 2020 and beyond

Photo illustration: Sarah Grillo/Axios. Photos: Jason Armond (Los Angeles Times), Noam Galai, Jabin Botsford (The Washington Post), Alex Wong/Getty Images

As the 2020 presidential campaign draws to a close, President Trump and Joe Biden have focused little on some of the most sweeping trends that will outlive the fights of the moment.

Why it matters: Both have engaged on some issues, like climate change and China, on their own terms, and Biden has addressed themes like economic inequality that work to his advantage. But others have gone largely unmentioned — a missed opportunity to address big shifts that are changing the country.

Dan Primack, author of Pro Rata
13 hours ago - Politics & Policy

Trump doesn't have a second-term economic plan

Illustration: Aïda Amer/Axios

President Trump has not laid out an economic agenda for his second term, despite the election being just eight days away.

Why it matters: This is unprecedented in modern presidential campaigns, and makes it harder for undecided voters to make an informed choice.