ALISYN CAMEROTA, CNN ANCHOR: Two major banks, Deutsche Bank and Capital One, have until 4:00 p.m. Eastern to tell a New York court whether they have President Trump's tax returns. If they refuse to answer, both banks will have some explaining to do. Sara Murray is going to explain all of this to us. She's live in Washington. Sara.</s>SARA MURRAY, CNN POLITICAL CORRESPONDENT: Good morning. Well, look, the judges have set this 4:00 p.m. deadline today telling Capital One and Deutsche Bank they need to inform the court whether they have Trump's tax returns after what were pretty bizarre oral arguments on Friday. On Friday before this panel of judges, Deutsche Bank and Capital One refused to say whether they had President Trump's tax returns. They cited contractual obligations. Now, this is a small fight in what is, of course, a bigger fight. And the bigger fight is Democratic lawmakers that are trying to get their hands on President Trump's financial records. The Democrats say this is all for legislative purposes. We need to know if we should be making different kind of laws based on what we don't know is going on with the president's finances in the time before he became president and when he took office. And the president's lawyers are saying, no (ph), these are lawmakers who are trying to pay law enforcement, they are trying to play cop here, and they are running outside of their lanes. So, ultimately, the judges need to know, do these banks even have the president's tax returns. As they're proceeding, we should get that answer by 4:00 today. Back to you, John.</s>JOHN AVLON, CNN ANCHOR: Do you have them, not will you give them to us. Very, very small steps but an important one. Sara Murray, thank you very much.</s>MURRAY: Thanks.</s>BERMAN: President Trump back in Washington after the whirlwind G-7 Summit filled with all kinds of lies and contradictions and misdirections. What happened? What didn't happen? And the small fibs that could be the most inexplicable. One, of course, involves his wife right there. That's next.
Banks Ordered to Reveal Tax Returns