.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 numbers crushed analyst expectations of 180,000. However, the strong numbers could make it unlikely the Federal Reserve will cut interest rates for a fourth time this year.
These are the headlines you Need 2 Know for Friday, December 6, 2019
House Speaker Nancy Pelosi said at a press conference on Thursday that she is formally asking the House Judiciary Committee to draft articles of impeachment against Trump over his actions toward Ukraine, saying "the president leaves us no choice but to act."
Kelly Loeffler will be the first cryptocurrency CEO and second woman in Georgia to ever have served in the Senate.
The morning began with three constitutional experts telling lawmakers that President Donald Trump committed impeachable offenses, although one vehemently dissented.
These are the headlines you Need 2 Know for Wednesday, December 4, 2019.
The celebratory feeling among shoppers on Sunday mirrored that of lawmakers and activists, but the state is facing shortages that can be traced back to licensing decisions made in the medical marijuana program.
Virginia Attorney General Mark Herring, who is hosting a cannabis summit on December 11, told Cheddar on Tuesday he is bringing together legislators and experts in an effort to push forward his calls for reform.
The once top tier candidate in the race for the 2020 presidential nomination announced the end to her run on Tuesday.
During the NATO summit in London, Trump doubled-down on threats to tax French goods in retaliation for the country’s taxes on U.S. tech and also suggested the China trade deal may be delayed until after the 2020 election.
