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Photo: Saul Loeb/AFP via Getty Images

House Oversight Chair Carolyn Maloney (D-N.Y.) on Thursday released a memo arguing that House Democrats' subpoena for President Trump's financial records already meets the requirements set out by the Supreme Court for Congress to obtain those documents.

The backdrop: The Supreme Court kicked House Democrats' subpoena back to a lower court last month, ruling that neither side had put forward a compelling analysis of how to balance congressional subpoenas with the separation of powers.

  • "The House's approach would leave essentially no limits on the congressional power to subpoena the President’s personal records. A limitless subpoena power could transform the established practice of the political branches and allow Congress to aggrandize itself at the President's expense," Chief Justice John Roberts wrote in the Supreme Court's ruling.

Worth noting: The subpoena doesn't target Trump directly, but is instead addressed to Mazars USA, the president's longtime accounting firm.

What they're saying: The memo from House Democrats argues that Trump's "non-public financial information is the best evidence to help Congress develop and enact legislation to promote transparency, enhance public confidence in the integrity of elected officials including the President, and prevent grave conflict of interests for this and any future presidents."

  • It says that the subpoena will move forward the House's "investigations into presidential ethics and conflicts of interest, presidential financial disclosures, and presidential adherence to constitutional safeguards to prevent corruption and undue influence, in aid of Congress’s consideration of presidential ethics reforms."

Read the memo.

Go deeper

How the Supreme Court is handling election cases

Photo: Xinhua/Ting Shen via Getty Images

The Supreme Court has tried to tread lightly so far in election-related cases — but that could change after Nov. 3.

The big picture: In its pre-election rulings, the court has largely preserved the status quo. But in the details and nuances of those decisions, it may have laid a foundation for a more conservative approach in its next wave of election cases.

3 hours ago - World

Map: A look at world population density in 3D

This fascinating map is made by Alasdair Rae of Sheffield, England, a former professor of urban studies who is the founder of Automatic Knowledge. It shows world population density in 3D.

Details: "No land is shown on the map, only the locations where people actually live. ... The higher the spike, the more people live in an area. Where there are no spikes, there are no people (e.g. you can clearly identify ... the Sahara Desert)."

Biden's Day 1 challenges: The immigration reset

Illustration: Aïda Amer/Axios

President-elect Biden has an aggressive Day 1 immigration agenda that relies heavily on executive actions to undo President Trump's crackdown.

Why it matters: It's not that easy. Trump issued more than 400 executive actions on immigration. Advocates are fired up. The Supreme Court could threaten the Deferred Action for Childhood Arrivals (DACA) program, and experts warn there could be another surge at the border.