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PoliticsPresident Trump's lawyers, House committees reach agreement to hold off on enforcing Deutsche Bank, Capital One subpoenas

23:15  25 may  2019
23:15  25 may  2019 Source:   cnn.com

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Lawyers for President Donald Trump have reached an agreement with the House Intelligence and Financial Services committees to hold off for now on enforcing the subpoenas for Trump ' s financial records from Deutsche Bank and Capital One

President Trump , his company and his three eldest children sought to block Deutsche Bank and Capital One from complying with the subpoenas issued by congressional committees .Credit T.J. Kirkpatrick for The New York Times.

President Trump's lawyers, House committees reach agreement to hold off on enforcing Deutsche Bank, Capital One subpoenas © Evan Vucci/AP President Donald Trump speaks in the Rose Garden, Wednesday, May 22, 2019, in Washington. (AP Photo/Evan Vucci)

Lawyers for President Donald Trump have reached an agreement with the House Intelligence and Financial Services committees to hold off for now on enforcing the subpoenas for Trump's financial records from Deutsche Bank and Capital One, according to a court document and a source familiar with the agreement.

Similar to a deal reached earlier this week with the House Oversight committee, the agreement allows for an expedited appeal schedule.

"The parties have reached an agreement regarding compliance with and enforcement of the subpoenas during the pendency of Plaintiff's appeal," the court document filed Saturday reads.

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Lawyers for President Donald Trump have reached an agreement with the House Intelligence and Financial Services committees to hold off for now on enforcing the subpoenas for Trump ' s financial records from Deutsche Bank and Capital One , according to a court document and a source familiar

President Trump , his three eldest children and his private company filed a federal lawsuit on Monday against Deutsche Bank and Capital One , in a bid to prevent the banks from responding to congressional subpoenas . In the suit, filed in federal court in Manhattan, the president and his family

Earlier this week, Judge Edgardo Ramos in New York had refused to block the subpoenas, setting off a one-week clock for the Trump team to find a way to prevent extensive financial information from being released. The agreement blocks the subpoenas for now until an appeals court can weigh in.

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House subpoenas for Trump’s bank records put on hold while president appeals.
Trump and congressional Democrats are locked in an escalating fight over the president’s financial records. Trump’s attorneys argue that the information being requested by the House Intelligence and Financial Services committees from Deutsche Bank and Capital One are too broad and would violate the president’s privacy. Ramos rejected Trump’s motion for a preliminary injunction and ruled that the president and his family “are unlikely to succeed on merits of their claims." That brought House Democrats one step closer to getting access to a trove of financial information about Trump and his business.

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