.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."
Democratic presidential candidate Joe Biden will not travel to Milwaukee to accept his party's White House nomination because of concerns over the coronavirus.
U.S. stock indexes drifted higher Tuesday as Wall Street's big rally eased off the accelerator.
President Donald Trump has signed into law legislation that will devote nearly $3 billion annually to conservation projects, outdoor recreation and maintenance of national parks and other public lands.
A Manhattan prosecutor trying to get President Donald Trump’s tax returns told a judge that he was justified in demanding them, citing public reports of “extensive and protracted criminal conduct at the Trump Organization.”
Since March, there have been 423 workplace litigation cases related to COVID-19, according to a tracker developed by the law firm Fisher Phillips.
Parents in Georgia, Louisiana, Mississippi and Tennessee are among those who will be the first to navigate the new academic year as schools open up in parts of those states this week.
While the U.S. economy shrank at an annualized rate of 32.9 percent during the second quarter, the downturn didn't seem to affect Facebook at all.
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.
Dr. Anthony Fauci has told lawmakers that once a coronavirus vaccine is approved as safe and effective, Americans should have widespread access within a reasonable time.
President Trump has rolled back and an Obama-era fair housing policy, allowing developers to bypass building affordable housing in suburban neighborhoods. David Sanchez, director of research & development at National Community Stabilization Trust, assesses the move as a rallying call to Trump's base ahead of the November election.
