.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 Need2Know
The president's personal attorney recorded a discussion with Trump two months before the election about payments to a former Playboy model who claims she had an affair with Trump, according to a New York Times report. Those payments are under investigation for any potential campaign finance law violations. "The White House is in scramble mode," says Siraj Hashmi, Commentary writer at the Washington Examiner.
Rep. Brendan Boyle (D-PA) condemns the President’s behavior at his public meeting with Putin and Trump's remarks in the days that followed. “My greatest concern, really, is what might happen over next few weeks and months where Putin decides to take advantage of this weakness,” he tells Cheddar.
The president, in an interview with CNBC this week, said he's looking to tax every single Chinese good that enters the U.S., which amounts to $505 billion. The tariffs would come at a time when prices for common consumer products, including the Apple Watch, FitBit, and smart speakers, could rise. Cheddar's Tim Stenovec and Kristen Scholer break down the news.
These are the headlines you Need2Know
The actor, comedian, and activist created an augmented reality app called "House of Cats," which features an animated, satirical version of the president called "Trump-y Cat." A portion of the proceeds will go to support refugees. "We are going to counter his hostility with support," Takei tells Cheddar.
Kate Mara, who played Zoe Barnes in Netflix's "House of Cards," explains how her character's underground demise changed her view on transportation.
Economic growth at 4 percent is unsustainable and could pull back, warns Samantha Azzarello, Global Market Strategist at JPMorgan ETFs. GDP has been energized by tax cuts, increased spending, and consumption, and Azzarello predicts the high won't last.
Christopher Wray, who became director of the FBI last August, said in a statement that his assessment of Russia and the 2016 election has not changed, despite what Trump may say. "The President clearly has personal interests, or some sort of interests, that are separate from what the U.S. intelligence community has when it comes to Russia," says Eric Boehm, reporter for Reason.com.
These are the headlines you Need2Know
