.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."
Stocks charged higher around the world Wednesday following an encouraging report on a possible treatment for COVID-19.
The Federal Reserve says it will keep its key short-term interest rate near zero for the foreseeable future as part of its extraordinary efforts to bolster an economy that is sinking into its worst crisis since the 1930s.
The National Institute of Allergy and Infectious Diseases (NIAID) on Wednesday announced the results of a study looking into a potential COVID-19 treatment that it says shows promise.
Julie Menin, director of New York City Census 2020, told Cheddar Wednesday that the pandemic is a stark reminder that the census is important.
Stocks charged higher around the world Wednesday following an encouraging report on a possible treatment for COVID-19.
President Donald Trump will take executive action Tuesday to order meat processing plants to stay open amid concerns over growing coronavirus cases and the impact on the nation’s food supply.
Stocks gave up an early gain on Wall Street and are mixed in afternoon trading Tuesday. The day’s leaderboard looks like nearly the mirror opposite of stocks’ performance through the market’s sell-off this year.
Because of the coronavirus pandemic the high court is, for the first time in its 230-year history, holding arguments by telephone.
Dr. Richard Besser, president and CEO of the non-profit healthcare organization, the Robert Wood Johnson Foundation, talks about how the pandemic has exposed the harsh inequalities driving poorer health outcomes in the U.S.
Banks trying to submit applications for thousands of small businesses seeking coronavirus relief loans have hit a bottleneck for a second day at the Small Business Administration.
