.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 House Financial Services Committee had more pointed questions for Facebook's David Marcus about the governing structure of the Libra Association in the second day of Congressional grilling.
Ebony Underwood was just 13 years old when her father William was arrested in 1988. Today, more than 30 years later, Underwood has joined a broad coalition of activists and lawmakers working for criminal justice reform. Through her advocacy group, We Got Us Now, she is fighting to make sure that children of incarcerated adults are not overlooked on the path to rectification.
These are the headlines you Need 2 Know for Wednesday, July 17, 2019.
The banking system relies on public trust; unfortunately for Facebook's cryptocurrency ambitions, the social media Goliath doesn't have an abundance of it.
Rep. Tulsi Gabbard (D-Hawaii) adds her own critiques of Facebook's proposed digital currency Libra, and states that it's the responsibility of Congress to potentially break apart tech firms that appear to acquire too much power.
The Republican National Committee and key party leaders have pushed back against condemnation of President Trump's racist tweet he directed at four Democratic Congresswomen of color.
Amid an investigation by Health Canada, CannTrust has halted sales of its cannabis and products. Although CannTrust's regulatory snag does not directly impact U.S. cannabis supply, Cowen analyst Jaret Seiberg said that any turbulence in Canada's nascent industry could be cause for concern for its neighbor to the south.
President Donald Trump said the government will investigate Google following an accusation by tech billionaire Peter Thiel that the company is working with China and committing treason.
These are the headlines you Need 2 Know for Tuesday, July 16, 2019.
More Americans are going to college than at any time in history. And more are graduating with a student debt burden that will follow them for years. Cheddar asked every 2020 Democratic candidate how they will handle student debt. Here's what they said.
