.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."
With millions of Americans waiting for their chance to get the coronavirus vaccine, a fortunate few are getting bumped to the front of the line as clinics scramble to get rid of extra, perishable doses at the end of the day.
An improved economy overall would mean an uptick in mortgage rates, and with Biden committed to a $1.9 trillion stimulus package and a more robust coronavirus response, that's exactly what mortgage experts are anticipating.
The Supreme Court has brought an end to lawsuits over whether Donald Trump illegally profited off of his presidency.
President Joe Biden has directed his intelligence community to study the threat of domestic extremism in the United States.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Rep. John Garamendi, a Democrat from California, praised President Biden's pic for heading the Department of Defense, Lloyd Austin.
Tom Price, former secretary of Health and Human Services under President Trump, talked to Cheddar about the new administration's plans for taking on COVID-19.
Lloyd J. Austin, the West Point graduate who rose to the Army’s elite ranks and marched through racial barriers in a 41-year career, has won Senate confirmation to become the nation’s first Black secretary of defense.
House Speaker Nancy Pelosi will send the article of impeachment against Donald Trump to the Senate on Monday.
Cheddar takes a look at newly installed President Joe Biden's personal stamp on the Oval Office.
