.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."
Former FBI director James Comey is set to release his book "Higher Loyalty" on Tuesday. It could lead to more departures at the White House, says Kelly Macias, staff writer at the Daily Kos.
Meredith Kelly, the DCCC spokesperson, says the Speaker retired only after he pushed through a tax overhaul, which has been high on Ryan's agenda for the majority of his nearly two decade-long career. The bill, which Kelly claims "prioritized the very richest and the biggest corporations," was signed into law last year. Earlier this week, the CBO stated the bill could contribute to an increase in the deficit to about $1.85 trillion over the next year 10 years.
Michael Avenatti, the attorney for Stormy Daniels, says potential campaign finance violations could find their way to "the doorsteps of the White House."
Michael Avenatti, who represents the adult film star, says the recent FBI raid of President Trump's lawyer Michael Cohen is a telling sign that charges will soon follow.
Facebook CEO Mark Zuckerberg testified on Capitol Hill Tuesday about the massive data scandal at the social media giant. Rep. Diana DeGette (D-CO) shares her reaction, and what she plans to ask Zuckerberg when he speaks to the House of Representatives Wednesday.
During both of Facebook CEO Mark Zuckerberg's testimonies on the Cambridge Analytica scandal, lawmakers hinted at the potential for basing regulation off European laws. But the First Amendment might make that difficult, says the New Yorker's Andrew Marantz.
The former House Speaker, who has long been a firm opponent of legalizing marijuana, said Wednesday he'd be joining the board of Acreage Holdings, a company that cultivates and dispenses the drug in 11 states. The President of Acreage told Cheddar that helping veterans was what convinced Boehner to flip.
The congressman, who represents Arizona's 7th District, says sending troops to do the border is expensive and doesn't improve security.
Rep. Ruben Gallego (D-AZ) says Ryan's decision not to seek re-election indicates that Republicans face a tough fight in the midterm elections. "He knows he's going to be a minority leader next year." Ryan made the surprise announcement Wednesday, saying he took the speaker position "reluctantly" in the first place.
Facebook CEO Mark Zuckerberg returns to Capitol Hill for a second day of questioning. Today, Zuckerberg testifies before the House Committee on Energy and Commerce. Ahead of the hearing, we spoke to Congressman Debbie Dingell (D-MI) about what she wants to hear from the Facebook CEO. Dingell is concerned about the privacy of Americans who use the social networking site and speculates about what a regulated Facebook would look like.
In other Washington news, House Speaker Paul Ryan (R-WI) announced today that he will not seek re-election this November. Ryan held a press conference to elaborate on his decision. He said he thinks he's done his part and looks forward to spending more time with his family.
Also, Joanna Coles stops by to talk about her new book, "Love Rules." She says her book can help readers find real love in the age of Tinder and Bumble. Coales, who sits on the board of directors for Snap, discusses what it's like to be a woman on the board of a Silicon Valley tech giant.
