Jonathan Swan: Supreme Court ruling on Trump tax documents 'could have been worse' for president

Swan: Trump holds advantage over Biden with economy

Biden accuses ‘Trump’s cronies and pals’ of benefiting from stimulus money; Axios national political reporter Jonathan Swan weighs in.

Axios national political reporter Jonathan Swan told "Bill Hemmer Reports" Thursday that President Trump should be "fairly satisfied" with the Supreme Court's ruling that blocks Congress from promptly obtaining his tax returns and financial records months before the November election.

"It could have been worse for him," Swan told host Bill Hemmer. "This could have been a ruling in which Congress got their hands on his financial records and documents, and then it would have been public in about two minutes."

SUPREME COURT BLOCKS CONGRESS FROM GETTING TRUMP'S TAX RECORDS, SENDING CASE TO LOWER COURT

Swan added, "I probably would have had them by now. This is the speed at which things leak out of Congress."

The court declined to issue a definitive ruling on whether congressional committees can have access to Trump's financial records, throwing the issue back to the lower courts.

The case involves subpoenas from four Democratic-led House committees for banking and accounting records involving Trump and his family. The ruling means it's highly unlikely Congress would get the records before the November election.

"We don't yet know exactly how fast this will proceed," Swan said, "but if the outcome ends up being that his financial records do not become public before the election, which seems the more likely outcome right now, that is a political victory for Donald Trump."

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In a separate ruling, the court declared Trump vulnerable to a subpoena over his financial and tax records by Manhattan District Attorney Cyrus Vance, Jr. – also throwing the issue back to lower courts.

Trump voiced his displeasure with the high court on Twitter, calling their decision unfair "to this Presidency or Administration" and a "political prosecution."

Fox News’ Julia Musto contributed to this report.

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