Photo: Nicholas Kamm/AFP via Getty Images

The Second Circuit Court of Appeals on Wednesday ruled in favor of a lower court decision that would force President Trump to comply with a subpoena from Manhattan District Attorney Cy Vance for eight years of his financial records.

What's next: Trump is expected to attempt appealing the decision in the Supreme Court, per the New York Times, although Vance has agreed to not enforce a subpoena for 12 days as long as the president's lawyers move quickly.

  • The Supreme Court ruled this summer that presidents are not immune from investigation, denying Trump the sweeping grant of presidential power he had asked for to fight against prosecutors accessing his records.

The bottom line: An explosive New York Times report released last month, which included more than two decades' worth of tax-return data, laid bare allegations that Trump paid $750 in federal income taxes in 2016 and 2017, and has over $300 million in personal debt obligations coming due in the next four years.

Read the filing.

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13 hours ago - Politics & Policy

Senate confirms Amy Coney Barrett to the Supreme Court

Judge Amy Coney Barrett before a meeting on Capitol Hill on Oct. 21. Photo: Sarah Silbiger/pool/AFP via Getty Images

The Senate voted 52-48 on Monday to confirm Judge Amy Coney Barrett to the Supreme Court. She is expected to be sworn in within hours.

Why it matters: President Trump and Senate Republicans have succeeded in confirming a third conservative justice in just four years, tilting the balance of the Supreme Court firmly to the right for perhaps a generation.

Updated 6 hours ago - Politics & Policy

Republicans and Dems react to Coney Barrett's Supreme Court confirmation

President Trump stands with Judge Amy Coney Barrett after she took the constitutional oath to serve as a Supreme Court justice during a White House ceremony Monday night .Photo: Tasos Katopodis/Getty Images)

President Trump said Judge Amy Coney Barrett's Senate confirmation to the Supreme Court and her subsequent taking of the constitutional oath Monday was a "momentous day," as she she vowed to serve "without any fear or favour."

Of note: As Republicans applauded the action, Democratic leaders warned of consequences to the rush to replace the late liberal Justice Ruth Bader Ginsburg with a conservative so close to the election, as progressives led calls to expand the court.

Dan Primack, author of Pro Rata
Oct 26, 2020 - 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.

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