Trump tax returns

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

President Trump
President Trump. Photo: BRENDAN SMIALOWSKI / Contributor/Getty Images

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.

Appeals court orders Trump's banks to turn financial records over to Congress

Trump under an umbrella
Photo: Chip Somodevilla/Getty Images

The Second Circuit Court of Appeals ruled on Tuesday that Deutsche Bank and Capital One must comply with a congressional subpoena for President Trump, his children and his company's financial records.

The backdrop: Trump filed an appeal in August after a New York district judge declined to block the subpoenas, which were issued by the House Intelligence and Financial Services committees in April as part of an investigation into foreign influence. Deutsche Bank said in a letter in October that while it has some of the records sought by the House, it is not in possession of the president's tax returns.