.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."
Despite uncertainty on who exactly will be in the White House, the Senate in GOP control, and the House in Democratic hands, Wall Street is riding high.
President Trump won support from about 8 in 10 white evangelical Protestant voters, according to the AP VoteCast. But Catholic voters split almost evenly between him and Joe Biden.
Election officials in key battlegrounds are pressing forward with vote counting, two days after Election Day. Democrat Joe Biden is urging patience, while President Donald Trump is pursuing legal options, insisting the processing of ballots should be stopped.
Katie Hobbs, Arizona's Secretary of State, joined Cheddar to discuss the safety of poll workers as President Trump levels accusations at the process and when Americans can expect an update.
Michigan Secretary of State, Jocelyn Benson joined Cheddar to discuss Trump's attempts to increase doubt in the election process and the state's security protocols that were taken to protect against such attacks.
The Fed announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.
As Democrat Joe Biden inches closer to the 270 Electoral College votes needed to win the White House, President Donald Trump’s campaign has put into action the legal strategy the president had signaled for weeks.
Joe Biden has won Michigan and Wisconsin, pushing him closer to 270 Electoral College votes and narrowing President Donald Trump’s path to reelection.
The Trump campaign says it has filed lawsuits Wednesday in Pennsylvania and Michigan, laying the groundwork for contesting the outcome in undecided battleground states.
Councilman Ritchie Torres became the first openly gay Black man to win a Congressional seat on Election Day. He will now represent New York's 15th District recently vacated by long-time Congressman José Serrano.
