Maxine Waters questions Steve Mnunchin

"I want to acknowledge we have received the request, and as I've said before, we will follow the law. We are reviewing it with our internal legal department, and I will leave it at that," he said during an appearance Tuesday before the House Financial Services Committee.

Chair Maxine Waters replied by asking him whether he was preventing the release of the president's tax returns out of fear that he might be fired. He replied by saying no.

"You are basically saying, you will follow the law and you are not afraid that you will be fired if in fact you release the returns?" she asked.

"I'm not afraid of being fired at all," Mnuchin replied.