President Trump Donald John TrumpBiden on Trump's refusal to commit to peaceful transfer of power: 'What country are we in?' Romney: 'Unthinkable and unacceptable' to not commit to peaceful transition of power Two Louisville police officers shot amid Breonna Taylor grand jury protests MORE’s attorneys say that lawmakers have agreed to provide them with "substantial portions" of congressional subpoenas issued for financial records tied to Trump, his family members and his private businesses.

In a letter to U.S. District Judge Edgardo Ramos in the Southern District of New York, Trump attorney Patrick Strawbridge wrote that the president’s legal team and attorneys for the House were able to strike a deal on sharing the documents requesting financial records from Capital One and Deutsche Bank.

ADVERTISEMENT

Strawbridge said in the letter that as a result of the agreement, he no longer believes that it will be necessary for the parties to appear before the federal judge in a hearing planned for Thursday.

Attorneys for the president had been seeking copies of the subpoenas issued by House Financial Services Committee Chairwoman Maxine Waters Maxine Moore WatersPowell, Mnuchin stress limits of current emergency lending programs Pelosi: House will stay in session until agreement is reached on coronavirus relief Omar invokes father's death from coronavirus in reaction to Woodward book MORE (D-Calif.) and House Intelligence Committee Chairman Adam Schiff Adam Bennett SchiffPelosi, Democrats unveil bills to rein in alleged White House abuses of power Chris Matthews ripped for complimenting Trump's 'true presidential behavior' on Ginsburg Trump casts doubt on Ginsburg statement, wonders if it was written by Schiff, Pelosi or Schumer MORE (D-Calif.). The lawmakers had requested that the banks provide Congress with financial records pertaining to the president.

The Trump lawyers have previously said that neither the lawmakers nor the banks would provide the documents, but that Deutsche Bank provided them with a summary indicating that the request was sweeping and pertained to years of records.

Trump, his family members and his private businesses sued the banks last month to try to block them from complying with the subpoenas. Both banks have said that they will not comply with the request for documents until a judge makes a decision on whether to issue a preliminary injunction in the case.

The House committees behind the subpoenas have since intervened in the case, making them the target of the lawsuit.

Each of the financial institutions said in letters filed on Tuesday that they did not take a position in the legal battle.

Trump has also sued House Oversight and Reform Committee Chairman Elijah Cummings Elijah Eugene CummingsBlack GOP candidate accuses Behar of wearing black face in heated interview Overnight Health Care: US won't join global coronavirus vaccine initiative | Federal panel lays out initial priorities for COVID-19 vaccine distribution | NIH panel: 'Insufficient data' to show treatment touted by Trump works House Oversight Democrats to subpoena AbbVie in drug pricing probe MORE (D-Md.) to block a subpoena issued for financial records from the accounting firm Mazars.

The House Democrats have criticized the lawsuits as an attempt to obstruct their investigations into the president.