.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."
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.
The Democratic presidential nominee and his wife were tested earlier in the day after news of President Donald Trump's infection.
Actress Dasha Polanco joined Cheddar to discuss a voting initiative and partnership with Knorr.
Georgia Senate candidate, Matt Lieberman, joined Cheddar to discuss the mounting calls from fellow Democrats to drop out of the race and his commitment to advancing to a potential Senate runoff.
The White House is backing a $400 per week pandemic jobless benefit and is dangling the possibility of a COVID-19 relief bill with a price tag above $1.5 trillion in last-ditch, pre-election negotiations.
One topic the 2020 presidential candidates were able to cover in the first debate was manufacturing. Wisconsin Rep. Mike Gallagher joined Cheddar to discuss whether the statements were true for his state.
A Kentucky judge has delayed until Friday the release of secret grand jury proceedings in Breonna Taylor’s killing by police.
Sen. Bob Menendez (D-N.J.) joined Cheddar to discuss the first Presidential debate between President Trump and Joe Biden. Menendez called the event a disgrace largely in part because of the president's incessant attacks on Biden during his responses.
The Commission on Presidential Debates says it's adding new "tools to maintain order" to the upcoming debates.
Here are key takeaways from the first of three scheduled presidential debates between President DOnald Trump and Democratic nominee Joe Biden before Election Day on Nov. 3.
