.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."
It's been 54 years since the Voting Rights Act was signed into law by President Lyndon B. Johnson, and for 50 years it stood as rock-solid. All that changed with a 2013 Supreme Court case in Shelby v Holder, where judges ruled that states no longer require federal approval to impose new voting laws as previously codified in the Voting Rights Act.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
These are the headlines you Need 2 Know for Friday, November 29, 2019.
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Phil Arballo, a Mexican-American businessman competing in the Democratic primary for California's 22nd district House seat, says he's received $300,000 donations in light of GOP Rep. Devin Nunes pro-Trump.
With "no sign of slowdown" in the concentrations of greenhouse gases according to a report by the UN's World Meteorological Organization, the international body renews its call for drastically reducing emissions globally.
These are the headlines you Need 2 Know for Tuesday, November 26, 2019.
After months of speculation, former NYC Mayor Mike Bloomberg made it official that he's running for president, and the media outlet he founded has outlined how they plan on covering the race from this point forward.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
These are the headlines you Need 2 Know.
