World News: 22:24 GMT Friday 17th May 2019. [Yahoo Business News Feed via SPi World News]
US Treasury Secretary Steven Mnuchin rejected Friday a congressional subpoena for President Donald Trump's tax records, setting up a new court battle between the two sides of government. Mnuchin told Democratic Representative Richard Neal, the chairman of the House Ways and Means Committee, that the committee 'lacks a legitimate legislative purpose' to demand Trump's tax returns. Neal issued the subpoena on May 10, saying the confidential documents were necessary in carrying out oversight of taxation, including understanding how a sitting president with extensive business interests is treated by the Internal Revenue Service.
Read More: https://news.yahoo.com/us-treasury-defies-congress-subpoena-trump-tax-records-212455436.html
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