.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."
According to the 16-page report obtained by Cheddar, the expected price tag of the Victim's Compensation Fund is expected to be more than $10 billion over the next 10 years.
French lawmakers voted to impose a 3 percent tax on revenues from digital services that reach French users that could leave U.S. tech giants like Facebook, Google, and Amazon facing a hefty new tax bill.
Billionaire progressive activist Tom Steyer who joined the 2020 race spoke with Cheddar about his focus on the avarice of big business and its undue influence.
These are the headlines you Need 2 Know for Thursday, July 11, 2019.
The House Judiciary Subcommittee on Crime, Terrorism, and Homeland Security held a historic hearing on cannabis to tackle how best to reform laws regarding the controlled substance.
Acosta told reporters that new sex crime charges against hedge fund manager Jeffrey Epstein were welcome, but he defended his role in the previous case brought against the billionaire that ended in a reportedly sweetheart deal.
These are the headlines you Need 2 Know for Wednesday, July 10, 2019.
The Third Strike Campaign aims to shed light on — and give a voice to — the real people that continue to suffer everyday from the “tough on crime” justice system and the mandatory sentencing guidelines under three strikes legislation.
Anthony Scaramucci, the outspoken investment banker and former White House Communications Director, criticized the Trump administration’s enduring trade disputes, arguing the tariffs ultimately hurt the American people.
California Sen. Kamala Harris and South Bend Mayor Pete Buttigieg are the most formidable of the two dozen Democratic presidential candidates, according to Anthony Scaramucci.
