Sen. Richard Burr, R-N.C., listens to testimony before the Senate Committee for Health, Education, Labor, and Pensions hearing, Tuesday, May 12, 2020 on Capitol Hill in Washington. (Toni L. Sandys/The Washington Post via AP, Pool)
.By Mary Clare Jalonick and Eric Tucker
Sen. Richard Burr, R-N.C., stepped aside as chairman of the Senate Intelligence Committee on Thursday after the FBI served a search warrant for his phone as part of an ongoing insider-trading investigation tied to the coronavirus pandemic.
Senate Majority Leader Mitch McConnell announced the move, saying he and Burr had agreed it was in the Senate's best interests.
FBI officials showed up at Burr's home with the warrant on Wednesday, marking a significant escalation into the Justice Department's investigation into whether Burr broke the law with a well-timed sale of stocks before the coronavirus caused markets to plummet,
The Justice Department declined to comment. His attorney did not respond to phone and email messages, but said last month that the law is clear that any senator can participate in stock market trading based on public information "as Sen. Burr did."
Catching you up on what you need to know on April 27, 2022, with Tesla stocks absorbing an initial hit following Elon Musk's purchase of Twitter, Russia pausing its natural gas supplies to Poland and Bulgaria, NASA's SpaceX Crew-4 mission taking off, and more.
Russia and the United States have exchanged prisoners. Russia released a Marine veteran jailed in Moscow while the U.S. released a convicted Russian drug trafficker serving a prison sentence in Connecticut.
President Biden wants to repeal a Trump-era policy called Title 42, which makes it harder for migrants to seek asylum. A federal judge has temporarily blocked the administration from letting this happen. Cheddar News is joined by Maria Pabon, Dean Brian Bromberger Distinguished Professor of Law at Loyola University, to discuss.
Politico's Defense Reporter Paul McLeary joined Cheddar News' Closing Bell to discuss the significance of cabinet members Secretary of State Antony Blinken and Defense Secretary Lloyd Austin's recent trip to Ukraine, and to break down how the U.S. is furthering its support for the besieged nation as Russian aggression intensifies.
Vice President Kamala Harris tested positive for COVID-19 on Tuesday, the White House announced. That's underscoring the persistence of the highly contagious virus even as the U.S. eases restrictions in a bid to revert to pre-pandemic normalcy.
Catching you up on what you need to know on April 26, 2022, with Elon Musk’s purchase of Twitter for $44 billion, Russia warning of a possible threat of World War III, the FDA approving a COVID treatment for children under 12, and more.
The Supreme Court is taking on the case of Joseph Kennedy, who was fired from his job as Bremerton High School assistant coach in Washington for his post-match prayers that were joined by students. Rachel Laser, President and CEO of Americans United for Separation of Church and State, joins Cheddar News to explain the possible implications of a ruling.
Student loans are affecting about 46 million Americans across the country, adding up to nearly $1.7 trillion of debt total. President Biden has announced a handful of actions designed to bring millions of borrowers a step closer to debt forgiveness. Katie Lobosco, writer for CNN Politics, joins Cheddar News to discuss.
