.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."
Congressional leaders are praising the late Rep. John Lewis as a moral force for the nation in a Capitol Rotunda ceremony rich with symbolism and punctuated by the booming, recorded voice of the late civil rights icon.
As the coronavirus pandemic hits Americans' wallets, it is also exposing the long standing wealth gap between minority communities and white Americans, according to Damon Jones, professor at the University of Chicago.
President Donald Trump's National Security Adviser Robert O'Brien has tested positive for the coronavirus — making him the highest-ranking official to test positive so far.
Maryland Governor Larry Hogan says a GOP shake-up is on the horizon following the Trump presidency as calls for change echo across the U.S.
President Donald Trump has been unable to land the big deal he sought with Congress to curb drug costs. But now he's moving on his own to allow imports of cheaper prescription medicines, along with other limited steps that could still have election-year appeal.
Stocks closed broadly lower for the second day in a row Friday as Wall Street gave back some of its gains from a mostly solid July rally.
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.
As President Trump's actions are dissected since protests erupted following the killing of George Floyd at the hands of police, much has been made of how past presidents responded to civil unrest over the last century.
President Donald Trump is announcing that he has canceled segments of the Republican National Convention scheduled for Florida next month.
If the Democratic nominee Candace Valenzuela manages to pull off a win in Texas' 24th District, she will make history as the country's first Afro-Latina congresswoman.
