Congress twice passed resolutions to block Trump's national emergency declarations, but Trump twice vetoed them, and Congress did not have enough votes override Trump's veto. Trump's decision to divert other government funding to fund the wall resulted in legal challenges. In July 2019, the Supreme Court allowed Trump to use $2.5 billion (originally meant for anti-drug programs) from the Department of Defense to build the Trump wall. In December 2019, a federal judge stopped the Trump administration from using $3.6 billion of military construction funds for the Trump wall.
In April 2019, the House Ways and Means Committee made a formal request to the Internal Revenue Service for Trump's personal and business tax returns from 2013 to 2018. Two deadlines to provide the returns were missed, then Treasury secretary Steven Mnuchin in May 2019 ultimately denied the request. Committee chairman Richard Neal then subpoenaed the Treasury Department and the IRS for the returns. These subpoenas were also defied in May 2019. A fall 2018 draft IRS legal memo asserted that tax returns must be provided to Congress upon request, unless a president invokes executive privilege. Congress need not justify the request, the memo stated, contradicting the administration's justification that a legislative purpose is needed to produce the tax returns. Mnuchin asserted the memo actually addressed a different matter.
More InfoIn April 2019, the House Oversight Committee issued subpoenas seeking financial details from Trump's banks, Deutsche Bank and Capital One, and his accounting firm, Mazars USA. In response, Trump sued the banks, Mazars, and committee chairman Elijah Cummings to prevent the disclosures. In May, DC District Court judge Amit Mehta ruled that Mazars must comply with the subpoena, and judge Edgardo Ramos of the Southern District Court of New York ruled that the banks must also comply. Trump's attorneys appealed the rulings, arguing that Congress was attempting to usurp the "exercise of law-enforcement authority that the Constitution reserves to the executive branch".
More InfoIn the late 1980s, Trump mimicked the actions of Wall Street's so-called corporate raiders, whose tactics had attracted wide public attention. Trump began to purchase significant blocks of shares in various public companies, leading some observers to think he was engaged in the practice called greenmail, or feigning the intent to acquire the companies and then pressuring management to repurchase the buyer's stake at a premium. The New York Times found that Trump initially made millions of dollars in such stock transactions, but later "lost most, if not all, of those gains after investors stopped taking his takeover talk seriously".
More InfoIn April 2019, the House Ways and Means Committee made a formal request to the Internal Revenue Service for Trump's personal and business tax returns from 2013 to 2018. Two deadlines to provide the returns were missed, then Treasury secretary Steven Mnuchin in May 2019 ultimately denied the request. Committee chairman Richard Neal then subpoenaed the Treasury Department and the IRS for the returns. These subpoenas were also defied in May 2019. A fall 2018 draft IRS legal memo asserted that tax returns must be provided to Congress upon request, unless a president invokes executive privilege. Congress need not justify the request, the memo stated, contradicting the administration's justification that a legislative purpose is needed to produce the tax returns. Mnuchin asserted the memo actually addressed a different matter.
More InfoTrump was inaugurated as the 45th president of the United States on January 20, 2017. During his first week in office, he signed six executive orders: interim procedures in anticipation of repealing the Patient Protection and Affordable Care Act (Obamacare), withdrawal from the Trans-Pacific Partnership negotiations, reinstatement of the Mexico City Policy, unlocking the Keystone XL and Dakota Access Pipeline construction projects, reinforcing border security, and beginning the planning and design process to construct a wall along the U.S. border with Mexico.
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