Supreme Court rejects Trump’s attempts to keep financial records private

Chief Washington correspondent Jon Karl debriefs from Washington, D.C. after reports that former President Trump cannot shield his taxes.
2:06 | 02/23/21

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Transcript for Supreme Court rejects Trump’s attempts to keep financial records private
We turn to that major defeat for Donald Trump. The supreme court rejected the former president's years long quest to keep his tax and finance records from prosecutors. Chief Washington correspondent Jon Karl has the latest. Good morning, Jon. Reporter: Good morning, George. This is a big defeat for trump. It was his last-ditch effort to keep prosecutors from getting his tax returns. Now the Manhattan D.A., Cyrus Vance, will have access to eight years of Donald Trump's tax returns and other personal records and it's not just trump's personal returns, Vance will also have access to the returns of his company, the various trump companies. It was a one-sentence unsigned order from the supreme court rejecting this and it had no dissent so if Donald Trump was counting on the three justice that's nominated for the court to bail him out of this, he was sorely disappointed. Trump responded with a lengthy written statement, George, it said in part that the investigation in New York is, quote, a continuation. The greatest witch-hunt in the history of our country and he said the supreme court should never have let this fishing expedition continue, but they did. Meantime, Jon, what do we know about what prosecutors will do next? Reporter: Well, look, they're investigating potential financial fraud here, prosecutors will get access, we believe, to those returns within days, but, George, one important point here is grand jury proceedings are secret so the public won't see these until or if charges are actually filed. Jon, meantime, president Biden's nominee for attorney general Merrick Garland had his first confirmation hearing yesterday and made it very clear his top priority is investigating that siege of the capitol. Eporter: Yeah, remember, Oklahoma City was what Garland investigated in 1995. It was really a defining investigation of his career as a prosecutor. He made it clear he will pursue the capitol siege, anybody involved and added, George, we will pursue these leads where dwrefr they take us. He didn't specifically talk about investigating Donald Trump, but he certainly didn't rule it out. Michael.

This transcript has been automatically generated and may not be 100% accurate.

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