Trump Takes Action to Resist Congressional Subpoenas for Financial Information: Report

President TrumpDonald John TrumpTrump mourns Bernie Sanders "crazy" after Fox News Trump town hall claims his supporters have been dismissed from Fox News town hall At night, Trump's defense puts an end to role played by the United States in the war in Yemen | Poland is preparing to negotiate on a basis called "Fort Trump" | Iranian legislators vote to call US forces in the Middle East terrorists MOREThe president's lawyers are preparing to face Congress on a number of issues that the new Democratic majority is seeking to investigate.

The Washington Post reported on Wednesday that the president's lawyers were preparing for legal battles over a number of issues for which Democrats seek documents, testimonies or other evidence, including his tax returns and his involvement in the security clearance process of the White House.

Rudy Giuliani, the president's attorney over the last few weeks of the special council's investigation into Russian electoral interference, told the post that he had urged the president to not cooperate with no democratic inquiry, warning that the end result the Democrats were hoping for was destitution.

"I will not cooperate with any of them," said Giuliani. "I would fight tooth and nail."

Trump's personal trading relationship prior to winning the 2016 election, as well as his contacts with foreign leaders, are just some of the issues on which the President and House Democrats clashed and the lawyers White House are ready to assert that most of the information requested by the Democrats in the fall under executive privilege, according to the post.

His lawyers allegedly urged some companies, including an accounting firm that manages his finances, not to comply with Congressional summons, which shocked some legislators.

An experienced Democrat contributor aware of Congress efforts to obtain documents from Deutsche Bank, who dealt with Trump while he was a private citizen, told the Post that it was unlikely that the Bank and other companies ignore a Congressional subpoena.

"We do not expect them to have a problem that responds properly to our legal and legitimate subpoena," said the assistant at the post office. "I would be very surprised if a bank did not comply with a legally authorized subpoena issued by a congressional committee."

Deutsche Bank told La Poste in a statement that it was complying with all congressional investigations in which it was involved.

"We remain committed to providing appropriate information to all authorized investigations in a manner consistent with our legal obligations," said the bank.