.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."
One day after saying that the COVID-19 task force would be winding down, President Donald Trump says it would continue on indefinitely, but focus on rebooting the economy.
David Banmiller, an airline industry insider and former CEO of Pan Am, doesn't like referring to the $25 billion of relief the airline industry got from the federal government as a 'bailout.'
An Associated Press analysis finds that taking the New York metropolitan area’s progress against the coronavirus out of the equation shows the rest of the U.S. moving in the wrong direction, with the infection rate rising even as states move to lift their lockdowns.
Stocks closed higher on Wall Street but gave up about half of their early gains in a late-afternoon bout of selling. The S&P 500 rose 0.9% Tuesday after being up 2% earlier.
Vice President Mike Pence says the White House coronavirus task force could wind down its work by early June.
Randi Weingarten, president of the American Federation of Teachers, told Cheddar on Tuesday that they were not prepared to switch so quickly and have been working well with what they have, but online learning simply isn't the same as teaching in person.
The trip means a small army of advisers, logistical experts and security staff will also resume regularly hitting the road and taking a measure of risk to assist Trump.
Stocks are rallying worldwide on Tuesday as more countries relaxed restrictions on businesses, raising hopes for a recovery from the historic plunge sweeping the global economy.
As governments around the world consider how to monitor new coronavirus outbreaks while reopening their societies, many are starting to bet on smartphone apps to help stanch the pandemic. But their decisions on which technologies to use — and how far those allow authorities to peer into private lives — are highlighting some uncomfortable trade-offs between protecting privacy and public health.
The stock market shook off a weak start and ended with modest gains Monday, thanks to another solid showing from big technology companies.
