Coronavirus: US Senators face calls to resign over ‘insider trading’
As chairman of the Senate Intelligence Committee, Mr Burr receives nearly daily briefings on threats to US national security.
Among those calling for his resignation and investigation are Fox News host Tucker Carlson, usually a supporter of Republicans. On Friday, Mr Burr again responded, tweeting that his decision to sell stock was made"solely based on public news reports". He specifically cited the Asia coverage provided by the CNBC network.
That's why the stories of senators selling stock portfolios in anticipation of a market drop are so toxic. It's a controversy that cuts across normally impervious partisan lines and has even conservatives and those"close to the president" sharply criticising the Republicans, like North Carolina Senator Burr, at the centre of the fury.
At least $100,000 of stock in a teleworking software company, Citrix, was also reportedly bought in Mrs Loeffler's name. The shares have risen during the pandemic.In a statement, she said decisions about her investments were made by “multiple third party advisors without [her or her husband’s] knowledge or consent”.Mrs Loeffler is married to the chairman of the New York Stock Exchange and is thought to be the wealthiest member of Congress, with an estimated fortune of $500m.
Top California Democrat Ms Feinstein and her husband meanwhile reportedly sold stock worth between $1.5m and $6m in a biotech company between the end of January and mid-February.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump cancels G7 over coronavirus fears as Republican senators accused of ‘insider trading’ on early outbreak warning - follow liveFollow our rolling coverage of the coronavirus outbreak in the US and Donald Trump's attempts to contain it: 🇺🇸 Trump cancels June G7 summit 🏠 California orders all 40m residents to stay at home ✈️ US citizens warned against overseas travel
Read more »
Calls for senators to resign over coronavirus ‘insider trading’ as Trump extends tax deadline and closes Mexico border - follow liveTrump is about to hold a press briefing - follow live
Read more »
Mum in intensive care says coronavirus is like having glass in your lungs'I’m telling you now, you need your f**king lungs and, please, none of you take any chances, I mean it, because if it gets really bad then you’re going to end up here.'
Read more »
Neville hits out at Prime Minister Johnson over coronavirus messagingPundit bemoaned lack of decisiveness in British government as virus spreads
Read more »
Will Smith feels responsible for coronavirus myths because of I Am LegendVirus wipes out most of humanity in 2007 thriller
Read more »
Robots use light beams to zap hospital virusesDemand has surged for robots equipped with powerful ultraviolet lights that can kill viruses.
Read more »