Takeaways from the historic Supreme Court arguments over Trump's finance and tax records

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The Supreme Court arguments on Tuesday, held over telephone and broadcast live, over subpoenas of President Trump's financial records were indeed historic. Here are the key takeaways.

The Supreme Court arguments on Tuesday, held over telephone and broadcast live, over subpoenas of President Donald Trump's financial records were indeed historic, leading the justices and lawyers to grapple with nearly 250 years of American history, investigations of presidents and questions about the future of separation of powers.

The cases tackled whether Trump can stop the Democratic-controlled House of Representatives from getting his tax and banking records from an accounting firm along with two banks he used and whether the President can halt a grand jury investigation in Manhattan that seeks his tax records. Rulings are expected this summer.

Toobin identifies most important moment from Trump's Supreme Court case 03:28In the 1997 case, the Supreme Court ruled that Clinton could be subject to a lawsuit by Paula Jones, who claimed Clinton has sexually harassed her when he was governor of Arkansas. Liberal justices referred repeatedly to that precedent on Tuesday as they suggested Trump could not block the disputed subpoenas.

 

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