.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."
The European Commission has issued a statement condemning President Donald Trump’s travel ban to 26 European countries, announced last night in a widely criticized speech.
Massachusetts Rep. Katherine Clark called out Republican leaders for characterizing the House Democratic aid bill as being "partisan."
Canadian Prime Minister Justin Trudeau is quarantining himself at home after his wife exhibited flu-like symptoms. Trudeau's office said Thursday that Sophie Grégoire Trudeau returned from a speaking engagement in Britain and had mild flu-like symptoms, including a low fever late, Wednesday night.
Turbulent oil prices dropped to the low $30s on Thursday, falling to 16-year lows just hours after President Donald Trump announced a 30-day ban on travel from more than two dozen countries in Europe in an attempt to stem the spread of coronavirus.
She confirmed that Democrats and Republicans are working closely to pass a bill today that would provide additional protections, and free testing, following an $8.3 billion aid package last week. "No one will say I can't afford it," she said.
President Donald Trump said Wednesday he is suspending all travel between the U.S. and Europe for 30 days beginning Friday as he seeks to combat a viral pandemic.
Dow drops more than 1,400 points, or 5.9 percent.
Stocks are tumbling again Wednesday, and indexes lost more than 4 percent to wipe out their huge gains from a day earlier as Wall Street keeps reeling on worries about the coronavirus.
Senator Bernie Sanders of Vermont spoke at length about the need to defeat Donald Trump and discussed his campaign today after falling behind in another set of Democratic primaries on Tuesday but did not announce his intention to drop out of the contest.
These are the headlines you Need 2 Know for Wednesday, March 11, 2020.
