Supreme Court will hear three cases over Trump's financial records

Supreme Court will hear three cases over Trump's financial records
By: WNG CNBC Posted On: December 13, 2019 View: 43

Supreme Court will hear three cases over Trump's financial records

U.S. President Donald Trump delivers remarks during a the White House Summit on Child Care, in the Eisenhower Executive Office Building on December 12, 2019 in Washington, DC.

Mark Wilson | Getty Images

The Supreme Court said on Friday that it will hear three cases over President Donald Trump's financial records next year, and scheduled arguments for its March session.  

The arguments are likely to be the most high-profile of the term, and will test the court's newly constituted conservative majority. A decision is expected by the end of June, in the midst of the 2020 presidential election. 

The cases are the first in which Trump's personal dealings have come before the top court since he became president. 

Read more: Trump brings a third case over his financial records to the Supreme Court

Trump asked the justices to reverse three lower court rulings that would require his longtime accounting firm and two of his banks to hand over financial records to investigators.

The nine-member panel has a 5-4 conservative majority, including two Trump appointees, Justices Neil Gorsuch and Brett Kavanaugh.

Trump is the first president in more than four decades not to voluntarily make his tax records public, and has fought vigorously to shield his finances. 

Two of the cases involve subpoenas issued by congressional committees led by Democrats in the House of Representatives. One involves an investigation led by Manhattan District Attorney Cy Vance into potential violations of New York state law.

This is breaking news. Check back for updates.

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