Senate Intelligence Chairman Richard Burr has asked the Senate Ethics Committee to review his sales of stocks last month ahead of the economic downturn sparked by the coronavirus pandemic, but he's not the only senator facing scrutiny
Georgia GOP Sen. Kelly Loeffler and others are also facing questions about why they were selling stocks last month, before the stock market took a nosedive as the outbreak spread across the US and the Dow Jones Industrial Average lost roughly 30% of its value.The sales have sparked calls for Burr's resignation and attacks from political opponents from senators up for reelection in 2020.
No one is under as much scrutiny as Burr, as there have been calls for the North Carolina Republican to resign coming both from Democrats and Fox News host Tucker Carlson. Even Sen. Thom Tillis, Burr's fellow North Carolina Republican, said on Twitter Friday that Burr"owes North Carolinians an explanation" and that the ethics review was appropriate.Burr sold off shares worth between $628,000 and $1.7 million in 33 transactions on February 13.
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