“An agreement has been reached with the House regarding a stay of the subpoenas pending appeal,” the president’s outside attorney said.
Legal advisors for President Donald Trump said Saturday they’ve achieved a concurrence with congressional leaders to defer the handover of banking reports from Trump accounts.
Trump records from Deutsche Bank and Capital One are being investigated by the House Intelligence and Financial Services committees in the midst of supposed remote influence on U.S. election decisions.
This was first reported by CNN; and later affirmed by NBC News.
On Wednesday a government judge decided that the banks could hand over the reports looked for under congressional subpoenas. Be that as it may, leaders of those boards made an arrangement with Trump’s group to stop the court-endorsed handover while the case is appealed by the president’s attorneys.
In return for delaying the process, committee leaders received a promise from the legal counselors to adhere to a fast tracked appeals process.
“I can confirm that an agreement has been reached with the House regarding a stay of the subpoenas pending appeal,” the president’s outside attorney, Jay Sekulow, said in a statement.
The president’s lawyers “have agreed to an expedited appeal,” he said. “However the court will set the final schedule.”
Following Wednesday’s ruling, Deutsche Bank said it would hand over the requested records. Capital One did not immediately comment.
Deutsche Bank lent Trump’s real estate company millions of dollars before he became president. Trump does some of his personal banking with Capitol One.