.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."

Share:
More In Politics
The Former Green Beret Behind Kaepernick's Protests
Nate Boyer, a former NFL player and Green Beret, is the man behind Colin Kaepernick's protests in 2016 when he suggested that the quarterback kneel instead of sit during the National Anthem as a sign of a respect. Two years later, Boyer believes people are missing the point of his protest and not listening to both sides of the issue.
Google's Empty Chair Will End Up Haunting Company
Lance Ulanoff, tech and social media expert, and Ian Sherr, executive editor of CNET News, agreed that Google's decision to not send a top executive to testify to Congress alongside Sheryl Sandberg and Jack Dorsey is going to cause significant damage among lawmakers for the company.
Who Wrote the NY Times Op-Ed?
The New York Times published a scathing Op-Ed written by an unidentified senior official in the Trump administration, setting off a firestorm of speculation about who the insider is. The writer said he and others in the White House were part of “a quiet resistance” to keep the president in check.
Load More