In a history-making decision on Thursday, the Supreme Court ruled President Donald Trump cannot claim "absolute immunity" from criminal investigation while in office and may need to comply with a New York grand jury subpoena seeking his personal financial records.
"The court found that the president is not above the law. He is not immune to ordinary criminal process," said Claire Finkelstein, director of the Center for Ethics and Rule of Law at the University of Pennsylvania.
The decision is a major legal defeat for Trump, although it remains highly unlikely the public will see the president's tax returns or financial records before Election Day. If the records are turned over in the grand jury probe, by law they must remain secret.
Chief Justice John Roberts, writing the 7-2 majority opinion, concluded that "no citizen, not even the President, is categorically above the common duty to produce evidence when called upon in a criminal proceeding."
Manhattan District Attorney Cyrus Vance is seeking 10 years of tax returns for Trump and his businesses as part of a probe into possible state tax fraud.
"The President is neither absolutely immune from state criminal subpoenas seeking his private papers nor entitled to a heightened standard of need," Roberts said.
But in a nod to the unique position of the presidency, Roberts returned the case to a lower court to allow Trump to "raise further arguments as appropriate," such as claims about the subpoenas' burden on his official duties.
"The president may raise constitutional and legal objections to the subpoena as appropriate," wrote Justices Brett Kavanaugh and Neil Gorsuch, the president's two appointees to the high court, in a concurring opinion.