Schiff hits back at Trump: He’s ‘terrified’ of House Russia probe

House Intelligence Committee Chairman Adam SchiffAdam Bennett SchiffThe Hill's Morning Report — Washington readies for Mueller end game Hillicon Valley: Kushner accused of using WhatsApp, personal email for official work | White House rejects request for Trump-Putin communications | Facebook left 'hundreds of millions' of passwords unsecured | Tech pressured to root out extremism Five things to watch for as White House readies for Mueller report MORE (D-Calif.) on Wednesday fired back at President TrumpDonald John TrumpSenate GOP budget ignores Trump, cuts defense Trump says he'll nominate Stephen Moore to Fed White House: ISIS territory in Syria has been 100 percent eliminated MORE after the president accused him of being a "political hack," saying that he could understand why Trump was scared of congressional oversight.

The comments from Schiff came just minutes after Trump denounced the California Democrat for opening a sweeping committee probe into Trump’s ties to Russia and his personal finances. 

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“He has no basis to do that. He’s just a political hack who’s trying to build a name for himself,” the president told reporters at the White House. “It’s just presidential harassment and it’s unfortunate and it really does hurt our country." 

Schiff announced earlier Wednesday that the House Intelligence panel's investigation would extend beyond potential links between Russia and the Trump campaign. Among other things, Schiff said the probe would evaluate if Trump's decisions have been motivated by financial gain. 

“The president’s actions and posture towards Russia during the campaign, transition, and administration have only heightened fears of foreign financial or other leverage over President Trump and underscore the need to determine whether he or those in his administration have acted in service of foreign interests since taking office,” he said in a statement. 

Trump said during the State of the Union that an "economic miracle" was taking place in the U.S. and that the only thing that could stop it were "foolish wars, politics or ridiculous partisan investigations.”

The remark was criticized by both Senate Minority Leader Charles SchumerCharles (Chuck) Ellis Schumer4 in 5 Americans say they support net neutrality: poll GOP senator: Trump's criticism of McCain 'deplorable' Schumer to introduce bill naming Senate office building after McCain amid Trump uproar MORE (D-N.Y.) and Speaker Nancy PelosiNancy Patricia D'Alesandro PelosiThe Hill's Morning Report — Washington readies for Mueller end game Dem divisions deepen over approach to climate change 2020 Dems avoid this year's AIPAC conference MORE (D-Calif.). 

"You know what I think it shows, he’s scared," Schumer said on CNN's "New Day. "He’s got something to hide. Because if he had nothing to hide he’d just shrug his shoulders and let these investigations go forward."