.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."
On Thursday, four major progressive groups announced they will team up this month to use their collective force to put more pressure on lawmakers to open formal impeachment proceedings against President Trump.
These are the headlines you Need 2 Know for Thursday, August 1, 2019.
These are the headlines you Need 2 Know for Thursday, August 1, 2019.
Presidential hopefuls sparred over immigration at the Democratic debate in Detroit Wednesday night, arguing specifically over how the next occupant of the White House will improve the system and correct approaches taken by past administrations.
On the Detroit Democratic debate stage, Sen. Kamala Harris, a former prosecutor, found herself grilled on her record regarding cannabis and criminal justice by fellow candidate Rep. Tulsi Gabbard.
Rep. Ryan told Cheddar that he's so focused on making sure American workers are prepared for the future of manufacturing and wants to drive investment in the electric vehicle market.
The Federal Reserve cut interest rates by 0.25 percent on Wednesday, marking the first time the U.S. central bank had lowered rates since the financial collapse in 2008. The decision puts the benchmark rate at a range between 2 and 2.25 percent.
Fox News personality Judge Jeanine Pirro is jumping into the cannabis game. She joined the board of Heavenly Rx, the hemp and CBD company announced on Wednesday.
These are the headlines you Need 2 Know for Wednesday, July 31, 2019.
Candidates like Pete Buttigieg, Tim Ryan, and Amy Klobuchar were very critical of the student loan forgiveness plans put forth by Bernie Sanders and Elizabeth Warren on the Detroit debate stage.
