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Photo: Chip Somodevilla/Getty IMages

House Ways and Means Committee chairman Richard Neal on Friday issued subpoenas to Treasury Secretary Steven Mnuchin and Internal Revenue Service commissioner Charles Rettig for President Trump's personal and business tax returns from 2013 to 2018.

Details: Neal has given Mnuchin and Rettig until next Friday at 5 pm to turn over Trump's tax returns, per the Washington Post. In a statement on Friday, Neal wrote: "On April 3, I requested six years of the President's personal and business tax returns... Unfortunately, the Treasury Department and the IRS have denied my reasonable request. Despite the agency's denial, we on the Ways and Means Committee are still moving forward with our inquiry."

The backdrop: The action follows months of conflict between Trump and Congress, as Democrats seek to gain access to the president's financial records. The subpoenas also come just days after the New York Times published an article detailing a decade of Trump's tax returns between the 1980s and '90s.

  • Neal first asked for 6 years of Trump's business and personal tax returns on April 3, per the Washington Post.
  • Trump said he would not release his tax returns while they are under audit, even though Rettig confirmed there is no law that prohibits the release.
  • The Treasury Department failed to meet the deadline set by House Democrats, with Mnuchin saying the request "raises serious issues concerning the constitutional investigative authority" of Congress.
  • House Democrats set a new deadline for Trump's tax returns on April 23, to which the White House did not comply.
  • Meanwhile, California and New York's state legislative bodies have been trying to pass bills that would pressure Trump to release his tax returns if he wants to appear on the 2020 ballot.

The catch: While House Democrats can subpoena whomever they want, the subpoenas are difficult to enforce.

What to watch: These subpoenas are part of an intensifying fight between the White House and House Democrats over a variety of issues. The White House has tried to invoke executive privilege to stop Trump's former counsel from giving records to Congress, per the Washington Post.

Go deeper: How Trump can stall House Democrats

Go deeper

2 hours ago - World

World leaders react to "new dawn in America" under Biden administration

President Biden reacts delivers his inaugural address on the West Front of the U.S. Capitol on Wednesday. Photo: Alex Wong/Getty Images

World leaders have pledged to work with President Biden on issues including the COVID-19 pandemic and climate change, with many praising his move to begin the formal process for the U.S. to rejoin the Paris Climate Agreement.

The big picture: Several leaders noted the swift shift from former President Trump's "America First" policy to Biden's action to re-engage with the world and rebuild alliances.

Updated 5 hours ago - Politics & Policy

In photos: The Biden and Harris inauguration

President Biden and first lady Jill Biden watch a fireworks show on the National Mall from the Truman Balcony at the White House on Wednesday night. Photo: Chip Somodevilla/Getty Images

President Biden signed his first executive orders into law from the Oval Office on Wednesday evening after walking in a brief inaugural parade to the White House with first lady Jill Biden and members of their family. He was inaugurated with Vice President Kamala Harris at the U.S. Capitol on Wednesday morning.

Why it matters: Many of Biden's day one actions immediately reverse key Trump administration policies, including rejoining the Paris Agreement and the World Health Organization, launching a racial equity initiative and reversing the Muslim travel ban.

Republicans pledge to set aside differences and work with Biden

President Biden speaks to Sen. Mitch McConnell after being sworn in at the West Front of the U.S. Capitol on Wednesday. Photo: Erin Schaff-Pool/Getty Images

Several Republicans praised President Biden's calls for unity during his inaugural address on Wednesday and pledged to work together for the benefit of the American people.

Why it matters: The Democrats only have a slim majority in the Senate and Biden will likely need to work with the GOP to pass his legislative agenda.