U.S. Supreme Court to decide if Trump can continue to keep his finances secret

Today, the U.S. Supreme Court is scheduled to hear arguments as to why President Donald Trump should be allowed to prevent Democratic-led congressional committees and a New York City prosecutor from getting his financial records.

Trump, unlike all modern presidents before him, has refused to release his tax returns and other financial records.

Rulings are likely within weeks," reports Reuters, The cases will be heard in two separate arguments by teleconference, a format adopted during the pandemic."

Three months after Trump avoided removal from office in a Senate impeachment trial, Trump's lawyers want the Supreme Court to endorse their expansive view of presidential powers that would severely limit the ability of Congress to conduct oversight of presidents and of prosecutors to investigate them.

The Supreme Court has a 5-4 majority including two justices appointed by Trump. He has won key victories at the high court including over his hardline immigration policies but lost a big case a year ago regarding the U.S. census when conservative Chief Justice John Roberts joined the court's four liberals.

In the three cases being argued on Tuesday, Trump has sought to prevent enforcement of subpoenas issued to his long-time accounting firm Mazars LLP and two banks, Deutsche Bank(DBKGn.DE) and Capital One(COF.N), for financial records including tax returns. Lower courts in Washington and New York ruled against Trump in all three cases.

U.S. Supreme Court to hear Trump bid to keep his finances secret