.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."
Dr. Rick Bright is telling Congress that America faces the “darkest winter in modern history” unless its leaders act decisively to prevent a rebound of the coronavirus.
Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions.
Stocks are falling in early trading on Wall Street Wednesday, tacking on more losses to their end-of-day slide from a day before.
House Speaker Nancy Pelosi has unveiled a more than $3 trillion new coronavirus aid package. It would provide nearly $1 trillion for states, cities and tribal governments to avert layoffs and another $200 billion in “hazard pay” for essential workers.
Republican Senators Marsha Blackburn and Martha McSally have introduced legislation that would allow U.S. citizens to file lawsuits against the Chinese Communist Party over the COVID-19 pandemic.
Wall Street fell to its biggest loss since the start of the month on worries about the downside of reopening the economy too soon.
Gloria Guevara, World Travel and Tourism Council CEO and president, told Cheddar on Tuesday that travel-related businesses are very eager for people to start taking trips again, however, opening the industry will need to be done in a coordinated way.
Dr. Anthony Fauci, the nation’s top infectious disease expert, is warning Congress and the nation of what he calls "really serious” consequences of suffering, death and deeper economic damage if state and local officials lift stay-at-home orders too quickly.
Broward County Mayor Dale V.C. Holness told Cheddar Monday many of the counties in South Florida have been working together to decide on a reopening date for their communities.
