.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."
In President Joe Biden's first notable gun control measures, he has announced executive actions aimed at addressing what the White House calls a “gun violence public health epidemic.
Many hope that part of Biden’s latest $2 trillion infrastructure plan would help fund construction for a decades-old proposal for a 200 mph high-speed line that could take passengers from Boston to New York City in 100 minutes.
The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs.
Treasury Secretary Janet Yellen called on the world's most powerful nations to pass a global minimum corporate tax of 21 percent to create "a more level playing field."
President Joe Biden is drawing a red line on his $2.3 trillion infrastructure plan. He says he is open to compromise on how to pay for the plan but inaction is unacceptable.
Lee Wong, West Chester Township Board of Trustees chairman from Ohio, made waves during an on-camera meeting when he lifted his shirt to display scars he received during his service in the U.S. Army.
Amazon founder and CEO Jeff Bezos is endorsing President Joe Biden’s focus on building up the country’s infrastructure and says the company even supports a corporate tax rate hike to help pay for it.
With more similar services on the market, there are questions if TikTok can remain king especially as it chases after advertiser dollars.
Vineyard Wind CEO Lars Thaaning Pedersen spoke to Cheddar about beginning production of its wind power farm off the coast of Massachusetts.
President Joe Biden is set to announce that he's shaving about two weeks off his May 1 deadline for states to make all adults eligible for coronavirus vaccines.
