Trump, 3 of his children and his business sue Deutsche Bank and Capital One in bid to keep them from giving financial records to Congress

/ CBS/AP

Subpoena war between White House, Congress heats up

Washington — President Trump has filed suit against Deutsche Bank and Capital One in an attempt to block congressional subpoenas for his business records.

The lawsuit by the president, sons Donald Jr. and Eric and daughter Ivanka, was filed Monday in federal court in Manhattan. The Trump Organization and the Donald J. Trump Revocable Trust are among other plaintiffs.

Two House committees subpoenaed Deutsche Bank and several other financial institutions earlier this month as part of investigations into Mr. Trump's finances.

House Intelligence Committee Chairman Adam Schiff, D-Calif., said at the time that the subpoenas were part of an investigation "into allegations of potential foreign influence on the U.S. political process." He has said he wants to know whether Russians used laundered money for transactions with the Trump Organization. Mr. Trump's businesses have benefited from Russian investment over the years.

The Trumps want a federal judge to declare the subpoenas unlawful and enforceable. The suit seeks to block the financial institutions from disclosing information and complying with the subpoenas.

The suit is the latest in a series of efforts by the White House to impede congressional oversight of matters related to Russian interference in the 2016 presidential election.

The suit asserts that the "case involves congressional subpoenas that have no legitimate or lawful purpose. The subpoenas were issued to harass President Donald J. Trump, to rummage through every aspect of his personal finances, his businesses and the private information of the president and his family, and to ferret about for any material that might be used to cause him political damage. No grounds exist to establish any purpose other than a political one."

Deutsche Bank, a German asset management firm, has lent Trump's real estate organization millions of dollars over time. In a statement, it said, "We remain committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations."

Capital One didn't have any immediate comment.

Schiff issued a joint statement with Rep. Maxine Waters, D-Calif., who chairs the House Financial Services Committee. They said, "The meritless lawsuit filed today by President Trump to block duly authorized subpoenas to non-governmental entities is another demonstration of the depths to which President Trump will go to obstruct Congress's constitutional oversight authority. As a private businessman, Trump routinely used his well-known litigiousness and the threat of lawsuits to intimidate others, but he will find that Congress will not be deterred from carrying out its constitutional responsibilities.

"This lawsuit is not designed to succeed; it is only designed to put off meaningful accountability as long as possible. Trump has already said publicly that he is fighting all of the subpoenas from Congress, and that he does not respect Congress' role as a coequal branch of government. This unprecedented stonewalling will not work, and the American people deserve better."

When the subpoenas were issued April 15, Eric Trump, executive vice president of The Trump Organization, called the subpoenas "an unprecedented abuse of power and simply the latest attempt by House Democrats to attack the President and our family for political gain."

First published on April 30, 2019 / 3:08 AM

© 2019 CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

Did Ghost and Danny's dragons survive battle of Winterfell?

What do we say to the god of death? Not today.

4H ago

Winnie-the-Pooh forest goes up in flames

Ashdown Forest, the inspiration behind the "Hundred Acre Wood" is being destroyed by flames

4H ago

Rosenstein hands in long-expected resignation letter

The deputy attorney general's last day is May 11; he thanked President Trump for appointing him to the job

5H ago

John Singleton, "Boyz N the Hood" director, has died at 51

Singleton was the first black filmmaker to be nominated for a Best Director Oscar in 1991 — he was only 24 at the time

6H ago

3 dead in Hawaii helicopter crash

Authorities aren't sure what caused the helicopter to plummet onto a busy Kailua highway Monday

7H ago

Trump sues to try to keep 2 banks from giving records to Congress

Suit by president, 3 of his children and his business and trust seeks to block Deutsche Bank and Capital One from complying with subpoenas

23M ago

Rosenstein hands in long-expected resignation letter

The deputy attorney general's last day is May 11; he thanked President Trump for appointing him to the job

5H ago

Chase tweets about budgeting, gets burned by Twitter

The bank, whose CEO made $31 million last year and which was on the receiving end of U.S. bailouts, has since deleted the tweet

8H ago

Baylor Lady Bears becomes first women's team to visit White House under Trump

The Baylor Lady Bears clinched the 2019 NCAA Division I championship this year

9H ago

Army veteran arrested in terror plot in California

Federal officials said Mark Domingo wanted to take retaliatory actions to avenge recent attacks against Muslims across the world

4H ago

Japanese Emperor Akihito, 85, starts abdication rituals

His son will replace him after 30 year reign marked by efforts to make amends for World War II and bring the ancient monarchy closer to the people

1H ago

Winnie-the-Pooh forest goes up in flames

Ashdown Forest, the inspiration behind the "Hundred Acre Wood" is being destroyed by flames

4H ago

ISIS leader appears in video for first time in 5 years

The video marks the first time al-Baghdadi has been seen in five years.

7H ago

Marriott takes on Airbnb by expanding into home rentals

World's biggest hotel company will offer reservations to 2,000 homes in 100 markets in U.S., Europe and Latin America

14H ago

More violence as Sri Lanka hunts down Easter attack suspects

Government bans face coverings, shakes up security services with potential ISIS-loyal suspects still on the loose

16H ago

Did Ghost and Danny's dragons survive battle of Winterfell?

What do we say to the god of death? Not today.

4H ago

New on Netflix, Hulu and Amazon

Shows and movies you'll want to stream in May

Apr 26 36 photos

John Singleton, "Boyz N the Hood" director, has died at 51

Singleton was the first black filmmaker to be nominated for a Best Director Oscar in 1991 — he was only 24 at the time

6H ago

Remembering John Singleton

Director John Singleton died Monday after being taken off life support following complications from a stroke. The Academy Award-nominated filmmaker was best known for "Boyz N the Hood" and "Poetic Justice." Vladimir Duthiers has more on his groundbreaking work.

8H ago 01:33

Glenda Jackson: Full interview

Legendary actress Glenda Jackson is expected to earn another Tony nomination for her gender-bending performance as King Lear on Broadway. If she wins, she would be the first to win best actress in back-to-back years. Watch Jackson's full interview with "CBS This Morning" co-host John Dickerson, where they discuss her role as King Lear, Brexit and having political disagreements around the dinner table.

9H ago 39:30

Chase tweets about budgeting, gets burned by Twitter

The bank, whose CEO made $31 million last year and which was on the receiving end of U.S. bailouts, has since deleted the tweet

8H ago

Angie's List favors its own advertisers, consumer group warns

Consumer Federation of America urges users of the popular ratings site to ignore its recommended businesses

11H ago

Computer outages impact several airlines

A technical issue with the Sabre software used by multiple airlines left flights delayed and customers temporarily unable to check-in or book travel

3H ago

Cleveland airport computers hacked last week

The FBI is investigating a hack on the computer systems at Cleveland Hopkins International Airport

12H ago

Unregulated business of your location data

In our series, CTM in Focus, we expose new information on issues that impact us all. In this installment, we take an inside look at how advertisers track our location through our phones and how criminals could exploit that information. More than 1,000 apps reportedly collect location data, fueling an estimated $21 billion market. But lawmakers and some tech leaders argue it must be regulated. Tony Dokoupil obtained some of the sensitive data, thanks to a whistleblower.

19H ago 06:00

Science

Universe is younger and expanding faster

CBS News contributor and physicist Michio Kaku joins CBSN's Elaine Quijano to discuss a new study that says the universe is younger and expanding faster than previously thought.

5H ago 04:18

NASA troubleshoots space station power glitch

Upcoming SpaceX cargo launch could be delayed if space station power glitch isn't quickly resolved

9H ago

Flooding kills dozens in heavily-deforested Indonesia

Cutting down of trees and inappropriate land use has left the country vulnerable, as the death toll from flooding and landslides shows

19H ago

Seaweed pods replace plastic bottles at London Marathon

They are designed to be both edible and biodegradable — the pods themselves are tasteless, and if not consumed, biodegrade within six weeks

Apr 27

Climate change worsens economic inequality, scientists say

Global warming has harmful effects on the economies of hot countries, but boosts the GDP of colder countries

Apr 26

"Not a harmless childhood illness": Measles cases top 700

This is the highest number of cases since the disease was declared eliminated in the United States

5H ago

Cancer survivor with cerebral palsy now a CrossFit trainer

The 29-year-old continued to work out through her treatment and she says being physically fit saved her life

15H ago

Burger King to sell vegan Whopper across U.S. by end of the year

Fast-food chain is latest to add plant-based patties to its menu, with veggie sliders already on sale at White Castle

16H ago

The disturbing metaphors of abstinence-only sex ed

Abstinence-only sex ed is taught in 37 of the 50 states – and it often utilizes a slew of metaphors to scare kids away from premarital sex

19H ago

America's sex ed controversy: Can you teach consent?

Many college campuses are holding discussions about consent, but advocates want the conversation to start as young as kindergarten

Apr 28

Toth Gallery brings Cuban art to New York — and the world

Art dealer Bryant Toth is committed to showcasing Cuban artists' talent beyond Cuba and Miami

16H ago

Chase tweets about budgeting, gets burned by Twitter

The bank, whose CEO made $31 million last year and which was on the receiving end of U.S. bailouts, has since deleted the tweet

8H ago

The rise of female gun ownership and fashionable "carrywear"

Alexo Athletica designed a pair of Lulelemon-like leggings with pockets for guns — and women gun owners took notice

Apr 26

Woodstock investor bails from music fest, leaving it in doubt

Jay-Z, Janelle Monae and Robert Plant among more than 80 artists who are scheduled to perform

10H ago

Angie's List favors its own advertisers, consumer group warns

Consumer Federation of America urges users of the popular ratings site to ignore its recommended businesses

11H ago

Funeral held for woman killed in Calif. synagogue shooting

Lori Gilbert-Kaye was killed when a gunman entered a California synagogue and opened fire on worshippers

8H ago

Funeral held for synagogue shooting victim

A funeral service was held Monday for a woman killed by a gunman who attacked a California synagogue over the weekend. New details are also emerging about the investigation. David Begnaud reports.

5H ago 02:46

Veteran accused of planning attack

Authorities said they've foiled a chilling terror plot in Southern California. A former soldier is accused of planning to bomb a white supremacist rally in Long Beach. Jonathan Vigliotti reports.

5H ago 02:26

2020 Dems respond to synagogue attack

Democratic candidates responded to the the deadly shooting at a synagogue Saturday. CBSN political reporter Caitlin Huey-Burns, and a CBSN political contributor and Democratic strategist Joel Payne join CBSN's "Red & Blue" to discuss.

3H ago 08:58

Jury weighs fate of cop who fatally shot 911 caller

The death of Justine Damond, a life coach who was engaged to be married a month after the shooting, sparked global outrage

3H ago

NASA troubleshoots space station power glitch

Upcoming SpaceX cargo launch could be delayed if space station power glitch isn't quickly resolved

9H ago

NASA just detected the first "marsquake"

For the first time since its mission began, NASA's InSight lander has detected what scientists believe to be a marsquake

Apr 23

"Marfa Martians" sending their science experiment to space

The team, made up of 10 and 11-year-olds, want to find a way to kill bacteria in space

Apr 22

SpaceX suffers Crew Dragon engine test anomaly

SpaceX suffers engine "anomaly" in Crew Dragon test vehicle during Cape Canaveral engine test

Apr 20

Evidence found for first molecule in the universe

"This molecule was lurking out there, but we needed the right instruments," a top NASA scientist said

Apr 17

Private secrets shared via postcard

Since 2004, hundreds of thousands of anonymous contributors with something to get off their chest have sent postcards to the website PostSecret.com

Apr 28 32 photos

Met Gala 2019: Craziest looks of all time

The bigger the tiara — or pope hat — the better! (Just ask Rihanna, Katy Perry or Sarah Jessica Parker … )

Apr 26 47 photos

New on Netflix, Hulu and Amazon

Shows and movies you'll want to stream soon

Apr 26 36 photos

Jason Corbett murder: A look at the evidence

In August 2015, former FBI agent Tom Martens and his daughter Molly Corbett admitted killing her Irish-born husband Jason Corbett, insisting they beat him in self-defense with a brick paver and a baseball bat because Jason was choking Molly and threatening to kill her

Apr 20 11 photos

Photos: Fire burns Notre Dame Cathedral in Paris

On April 15, 2019 flames erupted at the landmark cathedral, the most-visited landmark in the French capital

Apr 16 46 photos

Popular

Biden kicks off 2020 run with Pittsburgh rally

Former Vice President Joe Biden kicked off his 2020 campaign Monday with a rally in Pittsburgh. CBSN political reporter Caitlin Huey-Burns, CBS News political correspondent Ed O'Keefe, Politico national political reporter Elena Schneider and Democratic strategist Joel Payne join CBSN's "Red and Blue" to discuss Biden's first rally.

1H ago 20:13

Universe is younger and expanding faster

CBS News contributor and physicist Michio Kaku joins CBSN's Elaine Quijano to discuss a new study that says the universe is younger and expanding faster than previously thought.

5H ago 04:18

Joe Biden holds first 2020 campaign rally

Former Vice President Joe Biden formally launched his presidential campaign with a rally in Pittsburgh on Monday, kicking off his third bid for the presidency. He returned to the campaign trail surrounded by members of an influential local labor union and buoyed by an earlier endorsement from the International Association of Fire Fighters. CBSN's Elaine Quijano reports.

6H ago 02:32

Rod Rosenstein submits resignation letter

Deputy Attorney General Rod Rosenstein submitted his resignation Monday. Niall Stanage, a White House columnist for The Hill, joins CBSN's "Red & Blue" to discuss what's next for the Justice Department.

3H ago 08:51

Measles cases surges to more than 700

The Centers for Disease Control and Prevention has confirmed that the number of measles cases in the nationwide outbreak has hit 704. The majority of these cases have been seen in children under the age of 18 who have not been vaccinated. Dr. Jon LaPook joins CBSN's Elaine Quijano to discuss just how dangerous and infectious the disease can be.

6H ago 07:54