It stated that Trump was also not “entitled to a heightened standard of need.”
The president’s lawyers had submitted that an incumbent U.S. president should be immune to a criminal investigation.
It also promises to pose a huge challenge to the president’s re-election bid.
Trump’s financial record is already becoming a big issue in the run up to the polls.
Trump immediately reacted to the ruling, describing it as a “political prosecution” and “prosecutorial misconduct.”
“The Supreme Court sends case back to lower court, arguments to continue. This is all a political prosecution.
“I won the Mueller witch-hunt and others, and now I have to keep fighting in a politically corrupt New York. Not fair to this presidency or administration,” he said.
Meanwhile, the court in another 7-2 ruling, blocked the U.S. House of Representatives’ request to access the same information.
Citing concerns over separation of powers, the court asked for more specific reasons for the House’s demands, and also referred the case to a lower court.
One of Trump’s lawyers, Jay Sekulow, said the legal team would continue to fight both cases in the lower courts.
“We are pleased that in the decisions issued today, the Supreme Court has temporarily blocked both Congress and New York prosecutors from obtaining the President’s financial records.
“We will now proceed to raise additional constitutional and legal issues in the lower courts,” Sekulow said.(NAN)