After nearly two years of fighting against Democrats to keep his financial records out of their hands, Trump just caved.
In a bit of a shocker, this team withdrew a request for a new hearing and reached an agreement with the House Oversight Committee.
Trump will be handing over financial documents to the Democrats.
A Win or a Loss?
Democrats took a victory lap right away.
Chairwoman Rep. Carolyn Maloney (D-N.Y.) stated, “After numerous court victories, I am pleased that my Committee has now reached an agreement to obtain key financial documents that former President Trump fought for years to hide from Congress.
“In April 2019, the Oversight Committee issued a lawful subpoena for financial records as part of our investigation into President Trump’s unprecedented conflicts of interest, self-dealing, and foreign financial ties.
“After facing years of delay tactics, the Committee has now reached an agreement with the former President and his accounting firm, Mazars USA, to obtain critical documents.
“These documents will inform the Committee’s efforts to get to the bottom of former President Trump’s egregious conduct and ensure that future presidents do not abuse their position of power for personal gain.”
The only solace for Trump here is that the scope of the investigation will be narrowed down considerably.
Even so, this does not seem like a win for Trump.
Trump nor his team have commented on the outcome of this case, so we will have to wait to see how they view this outcome.
Source: Fox News
