.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."
TikTok's global chief information and security officer, Roland Cloutier, dismisses claims that the app is a security threat and provides user information to China.
Trump administration negotiators are back at the Capitol for last-ditch talks on vital COVID-19 rescue money. Democratic leaders summoned them for another try with the negotiations teetering on the brink of collapse.
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.
New York schools can bring children back to classrooms for the start of the school year, Gov. Andrew Cuomo announced Friday.
Media reports say 26 billboards are going up across Louisville, Kentucky, demanding that the police officers involved in Taylor’s death be arrested and charged. That’s one billboard for every year of the Black woman’s life.
The U.S. is imposing sanctions on pro-China officials in Hong Kong, including the leader of the government, for their alleged roles in squashing freedom in the former British colony.
he nonpartisan Commission on Presidential Debates has rejected a request from the Trump campaign to either add an additional general election debate or move up the calendar for the contests.
The Trump administration has moved to raise application fees for various immigration processes, including asylum. Michelle N. Mendez, director of defending vulnerable programs at CLINIC, calls the move an attack on immigration.
New York’s attorney general is suing the National Rifle Association, seeking to put the powerful gun advocacy organization out of business over allegations that high-ranking executives diverted millions of dollars for personal benefit.
U.S. testing for the coronavirus is dropping even as infections remain high and the death toll rises by more than 1,000 a day.
