United States President Donald Trump. (BBC)
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Washington - The United States Supreme Court has ruled that President Donald Trump's financial records can be examined by prosecutors in New York.
In a related case, the court ruled that this information did not have to be shared with Congress.
Trump is the first president since Richard Nixon in the 1970s not to have made his tax returns public.
His lawyers had argued that he enjoys total immunity while in office and that Congress had no valid justification to seek the records.
Two Democrat-controlled House of Representatives committees and New York District Attorney Cyrus Vance - also a Democrat - had demanded several years' worth of Trump's taxes in order to determine whether current conflict-of-interest laws on a US president were tough enough.
Trump, a Republican, denies wrongdoing and has called the investigation into his tax affairs a "witch hunt".
The two cases regarding Congressional committees were closely watched, as they could have had implications on how far US lawmakers can scrutinise the activities of a sitting president.
In the case regarding the request from the New York prosecutors, the Supreme Court ruled by a majority of seven to two that the president did not have absolute immunity from criminal investigation.
"Two hundred years ago, a great jurist of our Court established that no citizen, not even the President, is categorically above the common duty to produce evidence when called upon in a criminal proceeding," the court said.
"We reaffirm that principle today."
What are the cases about?
Two of the cases centred on the ability of the House Intelligence, Oversight and Financial Services Committees to compel Deutsche Bank and Mazars USA, Trump's longtime accounting firm, to turn over his tax and financial documents.
The case of Trump v Vance was based on Manhattan District Attorney Cyrus Vance's criminal subpoena - an order to hand over evidence.
Vance argued Trump's documents were needed to determine if financial records had been doctored to cover up hush-money payments to two women in 2016 who say they had affairs with Trump.
The judges heard the cases remotely because of the novel coronavirus (COVID-19) pandemic. The Supreme Court has a 5-4 conservative majority and includes two Trump appointees - Neil Gorsuch and Brett Kavanaugh. (BBC)