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The Supreme Court canceled all oral arguments through early April due to COVID-19. Photo: Ting Shen/Xinhua via Getty Images

Here's an under-the-radar side effect of the coronavirus pandemic: It might spare President Trump from having to release his tax returns before the election.

Why it matters: The Supreme Court was supposed to hear arguments last month over whether House Democrats had the legal authority to subpoena Trump's financial records.

  • Those subpoenas were delivered to Trump's banks and accounting firms, not Trump himself. If the court ultimately rules that they were legal, the banks would likely have to turn over the relevant records almost immediately.

Those arguments had been scheduled for March 31 — which, on the court's usual timeline, would most likely set up a ruling in the last few days of June.

  • But the court postponed some of its March arguments as the coronavirus lockdown began, and on Friday it postponed all oral arguments for the rest of the term.

What happens next is unclear. The court said it would "consider" rescheduling some of these postponed arguments for later this term, if circumstances allow, and would "consider a range of scheduling options and other alternatives" if the court building isn't available.

  • The other option, though, and maybe the logistically easiest one for the tech-averse Supreme Court, would be to simply push this term's arguments into the next term, which doesn't start until October.
  • Either way, the case on Trump's taxes was in line to be one of the last big rulings on the court's calendar before the election. And so these delays create at least some possibility that it could slide until after Election Day.

Go deeper

Updated 37 mins ago - Sports

The Olympic events to watch today

U.S. diver Krysten Palmer. Photo: Clive Rose/Getty Images

5 events to watch today...
  • 🏃 Track & Field: Watch the men’s 100m final at 8:50 a.m. ET on nbcolympics.com
  • 🏐 Men’s volleyball: USA plays Argentina in the group stage at 8:45 a.m. on NBC.
  • 🤸 Gymnastics event finals: Watch the replay of the men's floor exercise and pommel horse, as well as the women's vault and uneven bars starting at 9:30 p.m. on NBC.
  • 🤽Men's water polo: USA takes on Greece in group play at 10:30 p.m. ET on CNBC.
  • 🏊Women's springboard final: Watch the replay tonight on NBC.

In photos: Tokyo Olympics day 9 highlights

Team USA's Ryan Murphy, Zach Apple, Michael Andrew and Caeleb Dressel celebrate winning gold in the final of the men's 4x100m medley relay swimming event during the Tokyo 2020 Olympic Games at the Tokyo Aquatics Centre in Tokyo on Aug. 1. Photo: Odd Andersen/AFP via Getty Images

Day nine of the Tokyo Olympic Games Sunday saw the final day of swimming competition end with a historic win for Team USA.

The big picture: The U.S. men's 4x100-meter medley relay team set a new record world as they won the final and Caeleb Dressel earned a fifth gold — becoming the fifth American to do so. Team USA's Bobby Finke won the 1,500-meter freestyle.

Trump PACs raise over $82M for first half of 2021

Former President Trump during the Conservative Political Action Conference in Dallas, Texas, on July 11. Photo: Brandon Bell/Getty Images

Former President Trump's political action committees (PACs) raised more than $82 million in the first half of 2021, per Federal Election Commission filings published on Saturday.

Why it matters: It's a significant amount for a former president who's been banned from major social media platforms. It demonstrates his ability to raise huge sums of money should he choose to run for the presidency for a third time.