Appeals court sets July argument in subpoena case over Trump financial records

The D.C. Circuit Court of Appeals on Thursday agreed to an accelerated schedule for the next round of legal battles between the House Oversight and Reform Committee and President TrumpDonald John TrumpTrump conversation with foreign leader part of complaint that led to standoff between intel chief, Congress: report Pelosi: Lewandowski should have been held in contempt 'right then and there' Trump to withdraw FEMA chief nominee: report MORE over obtaining the president's financial records.

A three-judge panel on the appeals court will hear oral arguments on July 12 to determine whether the accounting firm Mazars can hand over Trump's financial records to House Democrats.

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The court also set a series of deadlines spanning June and July for parties to submit filings arguing their positions in the case.

The order comes one day after lawyers for Trump and House Democrats jointly asked the appeals court to set the expedited schedule for the case.

District Judge Amit Mehta, an Obama appointee, ruled in a D.C. court earlier this week to uphold the subpoena to Mazars for the president's financial records.

But the joint motion filed on Wednesday indicated that Mazars has agreed to not supply the documents until the appeals court makes its ruling.

Trump also suffered a blow in federal court in New York on Thursday, when a judge rejected the president's attempt to halt subpoenas issued to Deutsche Bank and Capital One for Trump's financial records.