.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."
As the partial government shutdown enters its sixth week, it's up to moderates on both sides of the aisle to compromise on a solution to reopen the government, even if it means giving President Trump a partial victory on border funds, Sen. Mark Warner (D-Va.) told Cheddar. "Let me be clear, I'm willing to support more border security," the Virginia Democrat told Cheddar's J.D. Durkin on Wednesday. "But we ought to do it without these lives being held in hostage. Let's get the government open, even if it's for a few weeks, to let us negotiate."
It was an urgent warning from a group of professionals not known for a proclivity to scare the public. "In our risk averse industry, we cannot even calculate the level of risk currently at play, nor predict the point at which the entire system will break. It is unprecedented," the statement read in part. It was issued jointly on Wednesday, from the unions representing America's air-traffic controllers, pilots, and flight attendants.
These are the headlines you Need 2 Know for Thursday, Jan. 24, 2019.
He's known as the "Trump of the Tropics." Brazil's new president, Jair Bolsonaro, may grab headlines for his far-right, populist rhetoric and positions ー he's staunchly anti-gay, anti-abortion, anti-affirmative action, and anti-drug decriminalization ーbut he differs from President Trump in one major respect, which is currently on display at the World Economic Forum in Davos, Switzerland.
Now that Kamala Harris, a freshman Sen. and recent entrant to national politics, has joined the already-crowded 2020 race for president, spectators are eager for clues about her ability to maneuver a high-stakes election. But Sen. Harris has minimal experience on the national stage ー so her track record in California as an Attorney General will be essential evidence to Democratic voters. "Her list of legislative accomplishments is rather thin," said Joe Garofoli, senior political writer at the San Francisco Chronicle.
These are the headlines you Need 2 Know for Wednesday Jan. 23, 2019.
These are the headlines you Need 2 Know for Tuesday, Jan. 22, 2019.
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.
As the government shutdown enters a historic 28th day, one group has emerged as one of the hardest hit by the political conflict: the often-maligned face of airport security, Transportation Security Administration officers. “It’s unfortunate that it had to take something like this for people to respect what we do, but it is what it is right now, unfortunately,” Frank Del Valle told Cheddar.
These are the headlines you Need 2 Know for Friday, Jan. 18, 2019.
