Trump lawyers: House Dems to share 'substantial portions' of subpoenas

Trump lawyers: House Dems to share 'substantial portions' of subpoenas

President TrumpDonald John TrumpConway defends herself against Hatch Act allegations amid threat of subpoena How to defuse Gulf tensions and avoid war with Iran Trump says 'stubborn child' Fed 'blew it' by not cutting rates MORE’s attorneys say that lawmakers have agreed to provide them with "substantial portions" of congressional subpoenas issued for financial records tied to Trump, his family members and his private businesses.

In a letter to U.S. District Judge Edgardo Ramos in the Southern District of New York, Trump attorney Patrick Strawbridge wrote that the president’s legal team and attorneys for the House were able to strike a deal on sharing the documents requesting financial records from Capital One and Deutsche Bank.

ADVERTISEMENT

Strawbridge said in the letter that as a result of the agreement, he no longer believes that it will be necessary for the parties to appear before the federal judge in a hearing planned for Thursday.

Attorneys for the president had been seeking copies of the subpoenas issued by House Financial Services Committee Chairwoman Maxine WatersMaxine Moore WatersOn The Money: S&P hits record as stocks rally on Fed cut hopes | Facebook's new cryptocurrency raises red flags for critics | Internal IRS watchdog rips agency's taxpayer service | Apple seeks tariff relief Facebook's new cryptocurrency raises red flags for critics Facebook's crypto experiment will languish on Capitol Hill MORE (D-Calif.) and House Intelligence Committee Chairman Adam SchiffAdam Bennett SchiffSchiff would support impeachment if White House ignores a final court decision on documents, testimony US finds itself isolated in Iran conflict House Intelligence Committee to subpoena Trump associate Felix Sater MORE (D-Calif.). The lawmakers had requested that the banks provide Congress with financial records pertaining to the president.

The Trump lawyers have previously said that neither the lawmakers nor the banks would provide the documents, but that Deutsche Bank provided them with a summary indicating that the request was sweeping and pertained to years of records.

Trump, his family members and his private businesses sued the banks last month to try to block them from complying with the subpoenas. Both banks have said that they will not comply with the request for documents until a judge makes a decision on whether to issue a preliminary injunction in the case.

The House committees behind the subpoenas have since intervened in the case, making them the target of the lawsuit.

Each of the financial institutions said in letters filed on Tuesday that they did not take a position in the legal battle.

Trump has also sued House Oversight and Reform Committee Chairman Elijah CummingsElijah Eugene CummingsThis week: Congress set for clash on Trump's border request Supreme Court set to deliver ruling on census citizenship question House Oversight Committee to vote on authorizing subpoena for Kellyanne Conway MORE (D-Md.) to block a subpoena issued for financial records from the accounting firm Mazars. 

The House Democrats have criticized the lawsuits as an attempt to obstruct their investigations into the president.