.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."
Dollar-pegged cryptocurrencies called stablecoins are on the rise, and U.S. regulators are taking notice.
Senate Republicans have rejected an effort to begin debate on a bipartisan infrastructure deal that senators brokered with President Joe Biden.
While the Biden administration has been busy undoing some of former President Trump's legacy decisions, the latest military branch, the U.S. Space Force established in 2019, isn't going anywhere.
Israeli Prime Minister Naftali Bennett spoke to the head of Unilever after its subsidiary Ben & Jerry’s announced it would stop selling its ice cream in the Israeli-occupied West Bank and contested east Jerusalem.
Canada will begin letting fully vaccinated U.S. citizens into Canada on Aug. 9, and those from the rest of the world on Sept. 7.
The Biden administration is blaming China for a hack of Microsoft Exchange email server software that compromised tens of thousands of computers around the world earlier this year.
The State Department will offer rewards up to $10 million for information leading to the identification of anyone engaged in foreign state-sanctioned malicious cyber activity, including ransomware attacks, against critical U.S. infrastructure.
The U.S. government is starting to deposit child tax credit money into the accounts of more than 35 million families.
Democratic Senators Chuck Schumer, Cory Booker, and Ron Wyden unveiled the draft of a historic cannabis decriminalization bill on Wednesday, more than five months after originally announcing it.
While testifying before Congress on Wednesday, Federal Reserve Chairman Jerome Powell offered his most extensive comments yet on the possibility of a central bank digital currency.
