BREAKING NEWS: Federal judge orders Donald Trump to hand over eight years of his personal and company tax returns to Manhattan’s DA

 and rules sitting presidents are NOT exempt from criminal probes
FILE - In this Oct. 4, 2019, file photo, President Donald Trump talks to reporters on the South Lawn of the White House, in Washington. The nation's business economists think President Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. (AP Photo/Evan Vucci, File)
FILE – In this Oct. 4, 2019, file photo, President Donald Trump talks to reporters on the South Lawn of the White House, in Washington.
  • The president’s lawyers had argued in court last month he was immune from being investigated while in office
  • Manhattan District Attorney obtained a grand jury subpoena for the returns as part of its investigation into the Trump Organization and potential campaing finance violations
  • Trump refused to release his returns voluntarily during the campaign 
  • DA probing whether Stormy Daniels payoffs and reimbursement constituted a violation
  • Trump lawyer Michael Cohen is serving a three-year prison sentence 
  • Trump lawyers have indicated they will appeal 

A federal judge in New York has ruled President Donald must turn over eight years of tax returns and comply with a subpoena in the latest legal turn that could ultimately provide information about the president’s finances. In doing so, Judge Victor Marrero turned aside the argument put forward by Trump’s lawyers that he is immune from prosecution while serving as president.The Manhattan district attorney’s office had subpoenaed the returns, both Trump’s personal returns and those from the Trump Organization as part of its wide-ranging investigation.  Judge Marrero blasted the sweeping arguments put forward by Trump’s personal attorneys that as a sitting president, Trump should not have to face the same investigatory tactics as ordinary citizens.  ‘This Court cannot endorse such a categorical and limitless assertion of presidential immunity from judicial process,’ the Bill Clinton nominee wrote in his ruling. He blasted a ‘virtually limitless’ shield from prosecution that Trump’s private attorneys are seeking to enforce – and even invoked impeachment, writing that: ‘Until the President leaves office by expiration of his term, resignation, or removal through impeachment and conviction, his exemption from criminal proceedings would extend not only to matters arising from performance of the President’s duties and functions in his official capacity, but also to ones arising from his private affairs, financial transactions, and all other conduct undertaken by him as an ordinary citizen, both during and before his tenure in office.’ He chided Trump’s lawyers for asserting an ‘extraordinary claim’ by arguing that presidents are ‘immune’ from the wheels of justice while they are in office and argued this would give the president ‘virtually limitless’ power to ignore the U.S. Constitution.  ‘That constitutional protection presumably would encompass any conduct, at any time, in any forum, whether federal or state, and whether the President acted alone or in concert with other individuals,’ the judge wrote. Trump’s lawyers filed an emergency appeal.  Nick Bit: