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U.S. Treasury says more time needed to decide on Trump tax returns – Bloomberg News – Metro US

U.S. Treasury says more time needed to decide on Trump tax returns – Bloomberg News

FILE PHOTO: President Trump holds campaign rally in Dalton, Georgia
FILE PHOTO: President Trump holds campaign rally in Dalton, Georgia

(Reuters) – The U.S. Treasury said it needs more time to decide whether to fight House Democrats in their effort to get former President Donald Trump’s personal and business tax returns, Bloomberg News reported on Wednesday.

Given the transition to new leadership in the Biden administration, the Treasury needs more time to evaluate its position on the taxes, Bloomberg said, citing government lawyers as saying in a filing with Washington federal court. https://bloom.bg/3oN5T39

House Democrats have been examining whether Trump’s business dealings involved money laundering or left him vulnerable to foreign influence.

(Reporting by Rama Venkat in Bengaluru; Editing by Kim Coghill)

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