Pelosi calls court ruling in Trump financial records fight a 'validation of our efforts'

Speaker Nancy PelosiNancy PelosiBiden on impeachment: 'I'm the only reason' it's happening Democrats to offer resolution demanding Trump reverse Syria decision Rand Paul calls for probe of Democrats over Ukraine letter MORE (D-Calif.) on Friday praised an appeals court ruling that could pave the way for House Democrats to obtain some of President TrumpDonald John TrumpWHCA calls on Trump to denounce video depicting him shooting media outlets Video of fake Trump shooting members of media shown at his Miami resort: report Trump hits Fox News's Chris Wallace over Ukraine coverage MORE's financial records, saying it shows “increased outside validation of our efforts to hold the President accountable.”

A panel of judges for the federal appeals court for the D.C. Circuit ruled Friday that a House Oversight and Reform Committee subpoena issued in April to Trump's accounting firm, Mazars USA, is "valid and enforceable." Trump had attempted to quash the subpoena.

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“This morning, we won a major victory in the D.C. Circuit in the Mazars case," Pelosi wrote in a Dear Colleague letter to members of her caucus. "The Court rejected the Administration’s defiance of Congress’s oversight authority, writing in the majority opinion that ‘Contrary to the President’s arguments, the Committee possesses authority under both the House Rules and the Constitution to issue the subpoena, and Mazars must comply.’”

Jay SekulowJay Alan SekulowOn The Money: Trump announces limited trade deal with China | Appeals court rules against Trump over financial records | Trump expands authority to sanction Turkey Pelosi calls court ruling in Trump financial records fight a 'validation of our efforts' Appeals court rejects Trump bid to keep financial records from House Democrats MORE, a personal lawyer for Trump, said in a statement that the president's team is "reviewing the opinion and evaluating all options including appeals."

Democrats' subpoena in the Mazars case does not explicitly seek Trump's tax returns. They are seeking those documents in a separate lawsuit.

Pelosi has been one of the biggest proponents of using the courts to bolster congressional oversight of Trump, his administration and his businesses. Democrats now hope their impeachment inquiry will provide them greater leverage in the courts.

In Friday's letter, Pelosi blasted the White House’s announcement earlier this week that it would not cooperate with the House inquiry.

“'The president’s refusal to cooperate in confirming (or disputing) the facts already on the public record should not delay or frustrate the House’s performance of its constitutional duty,'” she wrote, quoting a letter from 17 former Watergate prosecutors.

“This week, we have seen increased outside validation of our efforts to hold the President accountable and these statements speak to the heart of the Constitutional challenge that we face," she added.

--Updated at 2:06 p.m.