A New York judge refused to block congressional subpoenas seeking financial records which did business with US President Donald Trump on Wednesday.

District Judge Edgardo Ramos said that Trump and his company were unlikely to in their lawsuit to find subpoenas for records from Deutsche Bank and Capital One unlawful and unconstitutional.

A group of protesters cheered the result outside court, believing it to be one step closer to impeachment.

The lawyers for the House Financial Services and Intelligence Committees said access to documents from the banks would be used to investigate possible "foreign influence in the US political process".

The ruling comes two days after another a federal judge in Washington found against Trump in a similar case, concluding that the president cannot block a subpoena from Congress for information from a financial services company that worked for him and the Trump Organization.

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