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Justice Ruth Bader Ginsburg has just approved of President Trump’s request to temporarily barr two banks from releasing his finance records.
Democrats had tried to subpoena the documents from Deutsche Bank & Capital One, a move which was upheld in two lower courts.
The Supreme Court decision overturns these former lower court rulings.
Take a look at the breaking news on this that hit Twitter:
The block will prevent the banks from disclosing Trump's financial documents until 5 o'clock next Friday, Dec. 13.
The New York Times has more details on the Supreme Court ruling:
Justice Ruth Bader Ginsburg on Friday put a one-week hold on a lower court’s order for President Trump’s bank records to be turned over to Congress.
The stay issued by Justice Ginsburg came just three days after the United States Court of Appeals for the Second Circuit in New York said that Deutsche Bank and Capital One must cooperate with subpoenas of two Democratic-controlled committees in the House of Representatives.
The release of the records had been expected to give Democrats a trove of documents about Mr. Trump’s financial dealings as they pursue impeachment.
The stay is in effect until Dec. 13 and is not considered an indication of any potential ruling by the Supreme Court in Mr. Trump’s appeal of the disclosure order, as well as Justice Ginsburg’s leanings in the records dispute.
Mr. Trump’s lawyers made an emergency request for the stay while their appeal is considered by the Supreme Court, which has also been thrust into similar legal battle over access to Mr. Trump’s accounting records.
Politico also had the following to say:
Supreme Court Justice Ruth Bader Ginsburg temporarily blocked a lower court ruling ordering two banks to release President Donald Trump's financial records to House Democrats.
Trump had asked Ginsburg to consider the emergency request earlier Friday. The temporary stay sets the issue on hold pending full consideration by the high court, it does not reflect how judges will rule in the underlying case.
The stay is ordered until 5 p.m. on Dec. 13, and the court ordered that a response must be filed on or before Dec. 11 by 11 a.m.
The emergency filing came after a federal appeals court in New York ruled on Tuesday that Deutsche Bank and Capital One should comply with subpoenas from the House Financial Services and House Intelligence committees seeking information about Trump’s finances.
The House subpoenas seek documents including tax returns, evidence of suspicious activity and, in the case of Deutsche Bank, any internal communications regarding Trump and his ties to foreign individuals.