House Democrats Demand Treasury Secretary’s Recusal on Trump Finance Questions

They are pushing the agency for information on the financial ties of the Trumps and Kushners.

AP Photo/John Locher

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There’s no shortage of acid-drenched comments from Steve Bannon about Donald Trump and his family in Michael Wolff’s new book Fire and Fury, but one passage in particular has caught the attention of House Democrats attempting to investigate the financial ties of the Trump and Kushner families.

“You realize where this is going,” Bannon told Wolff, referring to the special counsel Robert Mueller’s investigation. “This is all about money laundering. Mueller chose [senior prosecutor Andrew] Weissmann first and he is a money-laundering guy. Their path to fucking Trump goes right through Paul Manafort, Don Jr. and Jared Kushner… It’s as plain as a hair on your face… It goes through Deutsche Bank and all the Kushner shit. The Kushner shit is greasy. They’re going to go right through that.”

In a new letter, five top Democrats on the House financial services committee, led by ranking member Rep. Maxine Waters (D-Calif.), are demanding Treasury Secretary Steve Mnuchin offer up his agency’s resources in tracking financial crimes to investigate possible money laundering by the Trumps and Kushners. The committee’s Democrats previously asked Mnuchin to turn over data from Treasury’s Financial Intelligence Unit relating to Trump and Kushner investments. Mnuchin didn’t respond, but the committee’s Democrats now emphasize the importance of probing possible money laundering.

“This troubling account from a Trump campaign senior official underscores the need for your compliance with our request,” the letter says.

Additionally, Waters and her fellow committee Democrats are requesting that Mnuchin, who was the Trump campaign’s finance chairman, answer questions about any improper foreign influence on the campaign’s finances—and recuse himself from any law enforcement or regulatory activity involving Trump and his family.

The letter can be read below: 



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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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