.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."
These are the headlines you Need 2 Know for Tuesday, Nov. 20, 2018.
Tubi Daily News Powered By Cheddar for the Afternoon of 11/19/18
The clamor to impeach President Trump has increased in volume since Democrats won back the U.S. House of Representatives earlier this month ー and one member of the chorus is former Congresswoman Elizabeth Holtzman, who said the president's term recalls another dark period in American political history.
Tubi Daily News Powered by Cheddar for the morning of November 11th, 2018
These are the headlines you Need 2 Know for Monday, Nov. 19, 2018.
These are the top stories, from Wall Street to Silicon Valley, that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Michelle Obama's memoir, "Becoming," hit shelves this week, with a rollout that felt more like a concert tour ー including appearances by Oprah, packed stadium events, and near-universal morning TV coverage.
British Prime Minister Theresa May's Brexit plan had a turbulent rollout this week, but the British Trade Commissioner for North America said the path to a successful exit from the European Union is still on track. "So far, we are on course for the path that she set out just after the referendum almost two years ago," Antony Phillipson said Friday in an interview on Cheddar.
Facebook CEO Mark Zuckerberg is fighting back after the New York Times published an investigation into how the company failed to address Russian meddling in the 2016 election. California officials doubled the number of people missing as a result of the wildfires to more than 600. And Bill Oliver, director of the new sci-fi drama 'Jonathan,' joins Cheddar to discuss his new film starring Ansel Elgort.
Facebook's latest scandal has raised serious questions about founder and CEO Mark Zuckerberg's oversight of the troubled media giant.
