.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."
After months of damaging headlines and privacy mishaps, Facebook may be down, but it's not out ー especially not in the case of the U.S. midterms, according to the company's director of outreach. Katie Harbath, global politics and government outreach director at Facebook spoke with Cheddar's Hope King about fighting fake news from the company's "war room" in an exclusive interview.
Eugene Scott, political reporter for The Washington Post, and Michael Harriot, columnist for The Root, weigh in on Georgia's close race for governor between Brian Kemp (R) and Stacey Abrams (D).
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A record number of women are on the ballot next week, but many have struggled to finance their campaigns. Sarah Chamberlain, president and CEO of Republican Main Street Partnership, explains the funding gap that follows women on the campaign trail.
Axios is taking a different approach to success than many of its traditional media rivals. In a click-bait media universe, the digital media start-up is prioritizing engagement over page views. "We need engaged users, not just users," co-founder Roy Schwartz told Cheddar.
On Tuesday, Missouri could become the 32nd state in the U.S. to legalize medical marijuana. Cannabis legalization has garnered more public support in recent years, and medical pot is often thought to be the gateway to fuller legalization. While the Missouri medical community is split on the drug's medicinal value, much of the student body at the University of Missouri has a pro-legalization stance.
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Debbie Mucarsel-Powell, the Democratic candidate running in Florida's 26th district, is slamming ads attacking her, including one that shows a man pointing a gun. Mucarsel-Powell lost her father to gun violence.
The markets looked to recover losses for October in the last day of trading for the month. Facebook shares were making solid gains on the heels of its third-quarter earnings results. Revenue slowed but the company beat estimates on earnings per share. Plus, Debbie Mucarsel-Powell, an Ecuadorian immigrant running to represent Florida's 26th district, tells Cheddar the changes she would make if elected to office. The midterms are just six days out.
October's reputation as a volatile month for stocks will remain unbroken ー at least for now. The S&P 500 will close its worst October since the financial crisis a decade ago and its worst month in eight years. The gains in equities from a summer rally have been wiped out across just about every slice of the market.
