Senators reportedly sell off stocks after coronavirus briefings

As Congress deals with the latest economic fallout from COVID-19 , there are reports that at least two senators sold off stocks after official briefings.
1:20 | 03/20/20

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Transcript for Senators reportedly sell off stocks after coronavirus briefings
as congress is dealing with the brutal economic fallout from the crisis, reports of at least two senators sold off stocks after receiving official coronavirus briefings before the markets tanked. Mary Bruce has the latest. Good morning, Mary. Reporter: Good morning, George. There are serious questions this morning and calls to investigate whether these senators were using privileged information for their own financial gain. Republican senator Richard burr sold off as much as $1.7 million in stocks including investments in the hotel and travel industries right before the market began to fall. Now as the powerful chairman of the senate intelligence committee, he was receiving briefings on the coronavirus. Now at the time, burr was offering public assurances to Americans that the government was prepared to tackle this, but according to a report by NPR, privately burr was offering a much more dire warning. In a statement, burr's office said he made these transactions several weeks before the U.S. And financial markets showed signs of volatility, and also this morning, there are questions about Republican senator Kelly Loeffler of Georgia. She dumped more than a million dollars in holdings. Her husband is the chair of the New York stock exchange, and he says this is a ridiculous and baseless attack. She says decisions about her investments are made by third party advisers.

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