.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."
Arguably the biggest challenge to the rise of electric vehicles is their outsized demand for rare earth minerals. Cheddar's Alex Vuocolo does a deep dive into the struggle over securing supply chains for a green tech future.
New research suggests giving extra cash to low-income mothers can change their infants’ brain development.
The Pentagon says that Defense Secretary Lloyd Austin has put about 8,500 troops on heightened alert, so they will be prepared to deploy if needed to reassure NATO allies in the face of ongoing Russian aggression on the border of Ukraine.
A woman has taken command of the U.S.S. Constitution for the first time in its 224-year history. Cmdr. Billie J. Farrell on Friday became the 77th commanding officer of the warship that earned the nickname Old Ironsides.
China has flown 39 warplanes toward Taiwan in its largest such sortie of the new year, amid tensions over the island's future.
New York City Mayor Eric Adams plans to convert his first paycheck this week into two cryptocurrencies.
House Speaker Nancy Pelosi on Thursday reversed her position on efforts from rank-and-file members to restrict or ban members of Congress from trading stock in individual companies while in office.
The 40-page paper was widely seen as the first step in doing just that, but the document provides only partial hints as to if the Fed is supportive of a central bank digital currency.
The People's Bank of China (PBOC) announced on Tuesday that 261 million individuals, or about a fifth of the country's population, have now set up digital yuan wallets.
The number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant disrupted the job market.
