.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."
The former attorney to President Donald Trump took a plea deal Tuesday, admitting he paid off Stormy Daniels at the behest of President Trump. Cohen was charged with financial fraud, unlawful corporate campaign contributions, and evading personal income tax.
The former attorney to President Donald Trump has been under federal investigation for bank and tax fraud, as well as campaign finance violations for payments made to women who said they had affairs with the president.
Cohen reportedly struck a deal with prosecutors Tuesday afternoon.
Stormy Daniels's lawyer walked the pink carpet at the VMAs on Monday night, stopping to update Cheddar on his potential presidential run.
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Debbie Mucarsel-Powell is taking on Republican Rep. Carlos Curbelo in Florida's 26th. But she's lagging behind in a district that went heavily for Clinton in the 2016 election.
Samantha Azzarello, global market strategist at JPMorgan, says M&A and geopolitics are less relevant to this bull market than widespread earnings growth.
As the jury in the trial of former Trump campaign chief Paul Manafort deliberates into its third day, Rick Wilson, author of "Everything Trump Touches Dies," lays out what he sees as the limited options for the defendant.
