Sen. Richard Burr (R-N.C.), head of powerful committee, sold large amount of stocks before sharp declines in market

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Sen. Richard Burr (R-N.C.), head of powerful committee, sold large amount of stocks before sharp declines in market

Chris LAVOIE

March 20, 2020

Sen. Richard Burr (R-N.C.), head of powerful committee, sold large amount of stocks before sharp declines in market

Senate Intelligence Committee Chairman Richard Burr (R-N.C.), who had expressed confidence in the country’s preparedness for the coronavirus outbreak, sold a significant share of his stocks last month, according to public disclosures.

The sales included stocks in some of the industries that have been hardest hit by the global pandemic, including hotels and restaurants, shipping, drug manufacturing, and health care, records show.

Until about a week ago, President Trump and GOP leaders had projected optimism in the country’s ability to manage the global outbreak of the coronavirus.

Read the rest of the story at The Washington Post.

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