.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 Democratic Party will convene, sort of, amid a pandemic that has upended the usual pomp-and-circumstance of presidential nominating conventions.
The Department of the Interior has approved an oil and gas leasing program within Alaska’s Arctic National Wildlife Refuge.
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.
A three-judge panel of the 9th U.S. Circuit Court of Appeals has thrown out California’s ban on high-capacity ammunition magazines.
Lee County, deep in the Appalachian Mountains, is one of many rural school districts around the country where the decision over whether to bring students back into classrooms is particularly fraught.
President Trump and economic adviser Larry Kudlow have been touting a capital gains tax cut as part of a Phase 4 stimulus package, but experts contend any gains from such a cut would be minimal and largely concentrated among the most wealthy citizens.
Facebook has launched the 'Voting Information Center' as a hub to provide users with accurate information regarding everything voting related. Emily Dalton, director of social impact product at Facebook, talks the company's new initiative and goals of the program.
Dodger Stadium will serve as a vote center for the presidential election in November, making the Dodgers the first Major League Baseball team to make their venue available for voting.
Joe Biden is calling for a nationwide mask mandate, citing health experts’ predictions that it could save 40,000 lives over the next three months.
Today, President Trump admitted to undermining the USPS in attempt to stall the mail-in voting process. California representative, Ami Bera, talks the November election and the stalled stimulus deal.
