The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin have become the public faces of the federal coronavirus bailout. Behind the scenes, however, the Treasury’s responsibilities have fallen largely to the 42-year-old deputy secretary, Justin Muzinich.A major beneficiary of that bailout so far: Muzinich & Co., the asset manager founded by his father where Justin served as president before joining the administration. He...…The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin have become the public faces of the federal coronavirus bailout. Behind the scenes, however, the Treasury’s responsibilities have fallen largely to the 42-year-old deputy secretary, Justin Muzinich.A major beneficiary of that bailout so far: Muzinich & Co., the asset manager founded by his father where Justin served as president before joining the administration. He...WW…

The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.Sen. Richard Burr was not the only member of his family to sell off a significant portion of his stock holdings in February, ahead of the market crash spurred by coronavirus fears. On the same day Burr sold, his brother-in-law also dumped tens of thousands of dollars worth of shares. The market fell by more than 30% in the subsequent month.Burr’s brother-in-law, Gerald Fauth, who has a post on the National Mediation Board, between $97,000 and...…The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.Sen. Richard Burr was not the only member of his family to sell off a significant portion of his stock holdings in February, ahead of the market crash spurred by coronavirus fears. On the same day Burr sold, his brother-in-law also dumped tens of thousands of dollars worth of shares. The market fell by more than 30% in the subsequent month.Burr’s brother-in-law, Gerald Fauth, who has a post on the National Mediation Board, between $97,000 and...WW…

The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.In his 15 years in the Senate, , a North Carolina Republican, has been one of the health care industry’s staunchest friends.Serving on the health care and finance committees, Burr advocated to end the tax on medical device makers, one of the industry’s most-detested aspects of the 2010 Affordable Care Act. He pushed the Food and Drug Administration to speed up its approval process. As one of the most prominent Republican health care policy...…The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.In his 15 years in the Senate, , a North Carolina Republican, has been one of the health care industry’s staunchest friends.Serving on the health care and finance committees, Burr advocated to end the tax on medical device makers, one of the industry’s most-detested aspects of the 2010 Affordable Care Act. He pushed the Food and Drug Administration to speed up its approval process. As one of the most prominent Republican health care policy...WW…

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.The chairman of the Senate Intelligence Committee, , has come under fire in recent weeks for stock holdings right before the market crashed on fears of coronavirus and for a of shares in an obscure Dutch fertilizer company.Now the North Carolina Republican’s 2017 sale of his Washington, D.C., home to a group led by a donor and powerful lobbyist who had business before Burr’s committee is raising additional ethical questions.Burr sold the small townhouse, in the Capitol Hill...…ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.The chairman of the Senate Intelligence Committee, , has come under fire in recent weeks for stock holdings right before the market crashed on fears of coronavirus and for a of shares in an obscure Dutch fertilizer company.Now the North Carolina Republican’s 2017 sale of his Washington, D.C., home to a group led by a donor and powerful lobbyist who had business before Burr’s committee is raising additional ethical questions.Burr sold the small townhouse, in the Capitol Hill...WW…

The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.The chairman of the Senate Intelligence Committee, , sold off almost $47,000 dollars worth of shares in a small Dutch fertilizer company in 2018, just weeks before its stock began a sharp 40% collapse.Beginning on Sept. 5, 2018, Burr and his wife sold off their stake in the company, OCI, in three days when its shares were priced near their highest point in the last four years.A month later, the company, which is not traded on a U.S. stock...…The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.The chairman of the Senate Intelligence Committee, , sold off almost $47,000 dollars worth of shares in a small Dutch fertilizer company in 2018, just weeks before its stock began a sharp 40% collapse.Beginning on Sept. 5, 2018, Burr and his wife sold off their stake in the company, OCI, in three days when its shares were priced near their highest point in the last four years.A month later, the company, which is not traded on a U.S. stock...WW…

Sen. David Perdue (R-GA)--This article originally appeared on ., sold his Washington, D.C., home last year to a brokerage industry official whose organization is under the purview of a committee Perdue sits on.The deal was made off market, without the home being listed for sale publicly.Though an appraisal provided to ProPublica by the buyer found that Perdue sold for slightly under market value, four local real estate experts disagreed, telling ProPublica that the almost $1.8 million sale price Perdue garnered seemed high. Their estimates of the premium ranged from a few thousand dollars...…Sen. David Perdue (R-GA)--This article originally appeared on ., sold his Washington, D.C., home last year to a brokerage industry official whose organization is under the purview of a committee Perdue sits on.The deal was made off market, without the home being listed for sale publicly.Though an appraisal provided to ProPublica by the buyer found that Perdue sold for slightly under market value, four local real estate experts disagreed, telling ProPublica that the almost $1.8 million sale price Perdue garnered seemed high. Their estimates of the premium ranged from a few thousand dollars...WW…

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published., sold his Washington, D.C., home last year to a brokerage industry official whose organization is under the purview of a committee Perdue sits on.The deal was made off market, without the home being listed for sale publicly.Subscribe to the Big Story newsletter.Though an appraisal provided to ProPublica by the buyer found that Perdue sold for slightly under market value, four local real estate experts disagreed, telling ProPublica that the almost $1.8 million sale price...…ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published., sold his Washington, D.C., home last year to a brokerage industry official whose organization is under the purview of a committee Perdue sits on.The deal was made off market, without the home being listed for sale publicly.Subscribe to the Big Story newsletter.Though an appraisal provided to ProPublica by the buyer found that Perdue sold for slightly under market value, four local real estate experts disagreed, telling ProPublica that the almost $1.8 million sale price...WW…

, privately pushed Treasury Secretary Steve Mnuchin to give wealthy sports owners a lucrative tax break last year, according to a previously unreported letter obtained by ProPublica.After the 2017 tax bill championed by President Donald Trump passed, Mnuchin and the Treasury had to write rules on how the legislation would work in practice.Of the hundreds of pages of new regulations the agency developed, Perdue wrote about his concern with one extremely narrow rule: The owners of professional sports teams were being excluded from a valuable tax break being granted to many other businesses...…, privately pushed Treasury Secretary Steve Mnuchin to give wealthy sports owners a lucrative tax break last year, according to a previously unreported letter obtained by ProPublica.After the 2017 tax bill championed by President Donald Trump passed, Mnuchin and the Treasury had to write rules on how the legislation would work in practice.Of the hundreds of pages of new regulations the agency developed, Perdue wrote about his concern with one extremely narrow rule: The owners of professional sports teams were being excluded from a valuable tax break being granted to many other businesses...WW…

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.The Department of Justice has weakened its long-standing prohibition against interfering in elections, according to two department officials.Avoiding election interference is the of DOJ policy on voting-related crimes. In place since at least 1980, the policy generally bars prosecutors not only from making any announcement about ongoing investigations close to an election but also from taking public steps — such as an arrest or a raid — before a vote is finalized because the...…ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.The Department of Justice has weakened its long-standing prohibition against interfering in elections, according to two department officials.Avoiding election interference is the of DOJ policy on voting-related crimes. In place since at least 1980, the policy generally bars prosecutors not only from making any announcement about ongoing investigations close to an election but also from taking public steps — such as an arrest or a raid — before a vote is finalized because the...WW…

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.When the Justice Department recently publicized an ongoing investigation into potentially improperly discarded Trump ballots, critics accused it of violating long-standing agency policy against interfering in an election.But the unusual decision to publicly detail the Pennsylvania case may also have run afoul of guidelines that Attorney General William Barr himself issued to federal prosecutors this year, according to a memo obtained by ProPublica.In May, to all Justice...…ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.When the Justice Department recently publicized an ongoing investigation into potentially improperly discarded Trump ballots, critics accused it of violating long-standing agency policy against interfering in an election.But the unusual decision to publicly detail the Pennsylvania case may also have run afoul of guidelines that Attorney General William Barr himself issued to federal prosecutors this year, according to a memo obtained by ProPublica.In May, to all Justice...WW…