Oct 10, 2019

Deutsche Bank tells court that it does not have Trump's tax returns

Photo: Eduardo Munoz Alvarez/AFP/Getty Images

The Second Circuit Court of Appeals has denied a request from various media outlets to unseal two redacted names included in a Deutsche Bank letter responding to House subpoenas for President Trump and his family's tax returns.

"[T]he unredacted letter from Deutsche Bank has removed that potential issue from the appeal because that letter reports that the only tax returns it has for individuals or entities named in the subpoenas are not those of the President. In light of that response, information in the sealed letter, i.e., the identity of the two taxpayers whose tax returns Deutsche Bank has, is not relevant to any issue we need to decide."
  • Context: Trump filed an appeal in August after a New York district judge declined to block subpoenas seeking financial records for Trump, Donald Trump Jr., Ivanka Trump, Eric Trump, the Trump Organization and other Trump-controlled entities. Deutsche Bank told the appeals court that it possessed tax records named in the subpoena, but declined to reveal the identities of who they belonged to.

Read the filing:

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Snapchat will no longer promote Trump's account in Discover

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Snapchat will no longer promote President Trump's account on its "Discover" page of curated content, a spokesperson tells Axios, after Trump tweeted comments that some suggested glorified violence amid racial justice protests.

Why it matters: Snapchat is taking action on the president's account for comments he made elsewhere. That's going farther than other big tech firms and signals a commitment to aligning content served to users with core values, rather than making moderation decisions based narrowly on each post made on its own platform.

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Esper catches White House off guard with opposition to military use, photo op

Defense Secretary Mark Esper said at a press briefing Wednesday that he does not support invoking the Insurrection Act, an 1807 law that permits the president to use active-duty troops on U.S. soil, in order to quell protests against racial injustice.

Why it matters: President Trump threatened this week to deploy military forces if state and local governments aren't able to squash violent protests. Axios reported on Wednesday that Trump is backing off the idea for now, but that he hasn't ruled it out.