.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."
The National Rifle Association says the nation's most powerful gun-rights organization has filed for bankruptcy and will seek to incorporate the nation’s most politically influential gun-rights group in Texas.
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.
State and federal wildlife officials are investigating reports of a manatee found with “Trump” drawn on its back in a Florida river.
The global death toll from COVID-19 has topped 2 million. It crossed the threshold on Friday, according to a tally kept by Johns Hopkins University.
Gov. Cuomo unveiled a proposal to legalize adult-use cannabis in the Empire State, which could add a much-needed source of tax revenue amid the financial devastation of the COVID-19 pandemic.
Congress passed a COVID relief deal that includes a second stimulus payment for Americans. So who qualifies? And when will the checks arrive? Here's what you need to know.
Rep. Kim Schrier (D-Wash. 8th District), stated that the FBI was looking into allegations that members of Congress aided or abetted pro-Trump rallygoers who breached the Capitol on January 6.
Cheddar looks ahead to what may be in store for President-elect Joe Biden once he takes office on January 20.
A coronavirus action plan from President-elect Joe Biden centers on a mass vaccination campaign and closer coordination among all levels of government.
President Donald Trump has been impeached by the U.S. House over the violent siege of the Capitol.
