NEW YORK (AP) — The Latest on President Donald Trump's efforts to block congressional subpoenas seeking records from his banks (all times local):
4 p.m.
A federal judge in New York is refusing to block congressional subpoenas seeking financial records from two banks that did business with President Donald Trump.
U.S. District Judge Edgardo Ramos said during a hearing Wednesday that Trump and his company were unlikely to succeed in a lawsuit arguing that the subpoenas were unlawful and unconstitutional.
Democrats in Congress have sought the information from Deutsche Bank and Capital One.
Deutsche Bank has lent Trump's real estate company millions of dollars over the years.
The lawyers for the House Financial Services and Intelligence committees say they need access to documents from the banks to investigate possible "foreign influence in the U.S. political process."
___
1:33 a.m.
A judge is poised to hear oral arguments Wednesday over President Donald Trump's effort to block congressional subpoenas seeking financial records from two banks.
The hearing occurs after congressional Democrats sought the information from Deutsche Bank and Capital One.
Trump, his family and his company contend in a Manhattan federal court lawsuit that the subpoenas are unlawful and unenforceable.
Lawyers for the congressional Democrats responded by saying ruling in Trump's favor would undermine the constitutional separation of powers and impede congressional probes.
Deutsche Bank has lent Trump's real estate company millions of dollars over the years.
Prior to the hearing before Judge Edgardo Ramos, Trump's lawyers say the judge should temporarily block Congress from obtaining the records. They say they want enough time to fully litigate the subpoenas' legality.
Before you consider Intel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intel wasn't on the list.
While Intel currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
