.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."
President Donald Trump pardoned former chief strategist Steve Bannon in the final hours of his White House term as part of a flurry of clemency action that benefited more than 140 people, including rap performers, ex-members of Congress and other allies of him and his family.
U.S. Surgeon General Jerome Adams spoke to Cheddar about the need to speed up the vaccination process as more mutated variants of the novel coronavirus present themselves.
Stocks closed higher on Wall Street, recovering some of last week’s losses and pulling closer to their record highs.
A once large caravan of Honduran migrants that pushed its way into Guatemala last week has dissipated in the face of Guatemalan security forces.
The U.S. death toll from the coronavirus has eclipsed 400,000 in the waning hours in office for President Donald Trump, whose handling of the crisis has been judged by public health experts to be a singular failure.
With Democrats taking the White House and Senate while keeping control of the Senate, future stimulus programs may take some burden off of the Federal Reserve.
Cowen managing director and senior analyst Vivien Azer discusses the future of cannabis stocks in the U.S. in light of the recent election changes.
President-elect Joe Biden has tapped Pennsylvania Health Secretary Rachel Levine to be his assistant secretary of health, leaving her poised to become the first openly transgender federal official to be confirmed by the Senate.
The completed "Field of Flags" display on the National Mall in Washington DC was lit up by powerful beacons on Monday.
David Quinalty of Waymo spoke to Cheddar about the company's hopes that the Biden Administration will continue the bipartisan work with the DOT in promoting autonomous driving technology.
