Directly after today’s Supreme Court rulings, CNN chose the headline “Trump wins battle on financial records for now.”
However, House Speaker has another take, claiming “a careful reading of the Supreme Court rulings related to the President’s financial records is not good news for President Trump.”
Washington, D.C – Speaker Nancy Pelosi issued this statement after the U.S. Supreme Court ruled on the consolidated cases of Trump v. Mazars and Trump v. Deutsche Bank, in which the Court asked the lower courts to further develop the record to assess the House’s need for the President’s financial records:
“A careful reading of the Supreme Court rulings related to the President’s financial records is not good news for President Trump.
“The Court has reaffirmed the Congress’s authority to conduct oversight on behalf of the American people, as it asks for further information from the Congress. Congress’s constitutional responsibility to uncover the truth continues, specifically related to the President’s Russia connection that he is hiding.
“The Congress will continue to conduct oversight For The People, upholding the separation of powers that is the genius of our Constitution. We will continue to press our case in the lower courts.”
Fox News reports the Supreme Court didn’t issue a definitive ruling Thursday on whether congressional committees can access Trump’s financial records, and sent the case back to the lower courts.
The case involves subpoenas from four Democratic-led House committees for banking and accounting records involving Trump and his family. The ruling sets up more court proceedings for Democrats and means it’s highly unlikely Congress would get the records before the November election.
Though the congressional term will end in January, Pelosi said the House will continue to pursue the documents in the lower courts. While “the process will take longer,” Pelosi cheered the court’s decision affirming Congress’ authority to conduct oversight on the presidency and called it a “victory” for the U.S. Constitution.
“We have a path that the Supreme Court has laid out that we certainly will not ignore. And we will never stop our oversight. That is our responsibility under the Constitution of the United States,” Pelosi said.
In a separate case, the Supreme Court on Thursday ruled that Trump is not immune from a subpoena over his financial and tax records issued by Democratic Manhattan District Attorney Cyrus Vance Jr.
Vance had subpoenaed Trump’s records as part of a criminal investigation into potential wrongdoing by the president and his organization.
“President is neither absolutely immune from state criminal subpoenas seeking his private papers nor entitled to a heightened standard of need,” Chief Justice John Roberts wrote in the court’s majority opinion in the New York case.