Burr steps aside as Senate Intel chair after FBI seizes cell phone in stock trades investigation

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GOP Sen. Richard Burr announced he will step aside as chair of the Senate Intelligence Committee amid a Justice Department investigation into stock trades he made, calling the investigation 'a distraction to the hard work of the committee.'

Andrew Harnik/Pool via Reuters, FILE

The official said that the warrant was approved “at the highest levels” of the department, while not naming specific individuals who may have signed off. Burr has repeatedly denied any wrongdoing in his sale of up to $1.7 million in stocks on Feb. 13, with many trades involving industries hit hard in the wake of COVID-19's spread throughout the U.S.

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