File photo taken on June 28, 2010 shows a policeman guarding outside the U.S. Supreme Court in Washington, D.C., capital of the United States. (Xinhua/Zhang Jun)

"This is a tremendous victory for our nation's system of justice and its founding principle that no one - not even a president - is above the law," says Democratic Manhattan District Attorney Cyrus Vance.

WASHINGTON, July 9  -- The U.S. Supreme Court on Thursday blocked for now the Democrat-led House subpoenas on President Donald Trump's financial records while granting Manhattan prosecutors access to obtain them.

"Not fair to this Presidency or Administration!" Trump claimed on social media shortly afterwards.

Meanwhile, many Democrats feel disappointed since the decision probably means the president's financial records, including his tax returns, will be shielded from public scrutiny until after the November general elections.

The U.S. Supreme Court now has five conservatives and four liberals. Both rulings were voted 7-2. Trump's two high court appointees, Justices Neil Gorsuch and Brett Kavanaugh, joined the majority in both cases.

The court ruled that Trump cannot block a subpoena for his financial records from Democratic Manhattan District Attorney Cyrus Vance since the president is not immune from criminal investigations and it's not a must for prosecutors to show a greater need than normal to obtain the records.