.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."
President Trump is expected to submit his Supreme Court nominee to replace Justice Anthony Kennedy on Monday.
The three favorites are almost "identical" in policy stances, says Rick Hasen, professor of law and political science at UC-Irvine.
The U.S. tariffs on Chinese products that kicked in on Friday are specifically targeted at high-tech goods, an attempt to crack down on alleged intellectual property theft. But they could end up raising the cost of products like e-cigarettes, e-bikes, and smart home devices that are overwhelmingly used by millennials, says Axios reporter Erica Pandey.
U.S. tariffs on $34 billion worth of Chinese goods kicked in early Friday, prompting China to respond in kind and escalating tensions between the two countries into what Beijing describes as "the biggest trade war in economic history."
Scott Pruitt, the former Oklahama Attorney General who sued the agency he was leading, resigned on Thursday after facing a series of accusations of ethical violations. "The Senate confirmed Deputy at EPA, Andrew Wheeler, will on Monday assume duties as the acting Administrator of the EPA," Trump announced in a tweet.
The United States and China are poised to hit goods that cross their respective borders with heavy tariffs. But a trade war would likely hurt the American companies that President Trump is trying to protect and undermine the value of U.S. debt globally, says Sara Hsu, economist and associate professor at SUNY-New Paltz.
Two judges, Brett Kavanaugh and Amy Barrett, are widely projected to be the front runners in the race to fill Justice Anthony Kennedy's seat in the Supreme Court. But USA Today's David Jackson tells Cheddar he believes there might be a third candidate on the president's radar -- "a Michigan-based appeals court judge named Raymond Kethledge." All three candidates are expected to support overturning Roe v. Wade.
Business Insider reported that Tesla's CEO Elon Musk asked engineers to halt putting Model 3 vehicles through a standard brake and roll alignment test before leaving the factory floor.
The federal investigation into Facebook's Cambridge Analytica scandal is expanding. AT&T raising prices on DirecTV Now by $5 a month. Trump’s shortlist for replacing Justice Anthony Kennedy's seat on the Supreme Court.
Seven complaints so far have been filed against the Trump administration’s tariffs on steel and aluminum, but it may be years until a ruling comes down. “Even if they do eventually come to a conclusion, Trump might just say, ‘Well, that’s it. That’s the end of the U.S.’s membership in the WTO,’” Megan Cassella, trade reporter at Politico, tells Cheddar.
Russia's shocking win over Spain in the Round of 16 got the team one step closer to its first ever World Cup championship. But while there's still a lot of game left to be played, The Banter's Jeffrey Marcus says, regardless of the outcome, President Vladimir Putin has already achieved his goal.
The Air Force Veteran is running in Texas's 31st Congressional District to unseat Rep. John Carter, who has served in the position since 2003. Her campaign ad, which features the door of the helicopter she was piloting when shot down in Afghanistan, has gone viral with more than 2.5 million views.
