Updated Nov 25, 2019

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.

  • The justices are giving Trump's lawyers until Dec. 5 to formally file its appeal of the lower court ruling.
  • Trump is also seeking to have the Supreme Court block a subpoena from the Manhattan district attorney's office, which is investigating hush-money payments that the Trump Organization made to Stormy Daniels in 2016.

Between the lines: A Supreme Court ruling on the case would likely not come until mid-January, AP notes. If House Democrats are planning to vote to impeach Trump by the end of the year, as they have signaled, the tax return investigation will likely not play a role.

This story is breaking news. Please check back for updates.

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Supreme Court temporarily blocks House subpoena for Trump's tax returns

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The Supreme Court on Monday issued an administrative stay blocking House Democrats' subpoena for President Trump's tax returns until both sides can file the necessary legal papers.

Why it matters: The lower court order compelling Trump's longtime accounting firm Mazars USA to turn over the president's financial records will be delayed until the Supreme Court decides whether to take up Trump's appeal. Trump has requested that the Supreme Court protect his financial records from both House investigators and the Manhattan district attorney's office, which is conducting a criminal investigation.

Supreme Court to decide on release of Trump’s financial records

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The Supreme Court agreed on Friday to take on three cases involving President Trump's finances to determine whether he can block the release of his records.

Why it matters: The court's ruling could give the American public a look at the president's finances after he has gone to great lengths to keep them under wraps.

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DOJ supports Trump's fight to prevent tax return disclosure

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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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