.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 President Trump spoke out about the Fed on Wednesday, Rep. Tom Reed (R-NY) told Cheddar that he believes the U.S. is headed towards a debt crisis, if spending isn't brought under control soon.
Larry Kudlow, chief economic adviser to the president, told Cheddar's J.D. Durkin the administration remains bullish on the economy ー and he noted that the tech sector in particular was up 50 percent since President Trump's election, "even with this correction."
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Aria Finger, CEO of DoSomething.org, is a Taylor Swift fan, and it has nothing to do with her music. Finger said the pop star's GOTV push is just what is needed to increase voter turnout among young people in November.
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With less than 10 days left until recreational marijuana is legal across Canada, Alyson Martin, co-founder of Cannabis Wire, explains how rollout will go. As for the future of legalization in the U.S., she says it's inevitable. "Young people might be the path to legalization," she said.
Utah is one of four states with a medical marijuana initiative on the ballot next month. But Republican State Senate President Wayne Niederhauser said so-called Prop 2 probably goes to far and a separate, bipartisan bill to legalize medical use with some restrictions, is a more measured approach.
UN Ambassador Nikki Haley has submitted her resignation to President Trump and will leave her post at the end of 2018.
The former South Carolina Governor has long been considered a presidential contender, but in a joint meeting with the president said she would not run in 2020.
Haley was a fierce protector of Trump's foreign policy doctrine at the UN since she was confirmed to the post soon after Trump took office.
The president said he'd name a replacement in two to three weeks.
The actor and comedian spoke to Cheddar about his new projects, which focus on race, mental health, and political issues in a wide-ranging interview.
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