IRS blows deadline to hand over Trump tax returns

Steve Mnuchin says the final decision on the release of Trump’s tax returns is coming next month.

Treasury Secretary Steven Mnuchin left little doubt Tuesday that the administration will reject a congressional request for President Donald Trump's tax returns by a self-imposed May 6 target for a "final decision," setting the stage for a legal battle that will test the limits of congressional oversight.

In a 10-page letter to House Ways and Means Chairman Richard Neal (D-Mass.), who formally requested Trump's returns on April 3, Mnuchin questioned Neal's motives and...