With her re-election this week, California Rep. Maxine Waters is set to lead the House Financial Services Committee when the next session of Congress begins in January, and that is potentially bad news for President Donald Trump.
As head of the financial services committee, which oversees the American banking system and its regulators, Waters would have the power to subpoena Trump’s personal tax returns and bring in bank executives for investigations.
Trump has bucked presidential tradition in not releasing his personal tax returns, claiming that he has to wait for an IRS audit on his returns to be completed first. Yet that still hasn’t happened.
