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Before the public was ever made aware of how damaging the coronavirus could become to the United States economy. US senators, Richar Burr, and Kelly Loeffler attended a January 24th briefing about the possible harm it could cause.
It is being reported by Slate.com that senators from both parties were briefed about the virus by CDC director Robert Redfield and the National Institute of Allergies and Infectious Diseases director Anthony Fauci.
Burr is a senior senator representing North Carolina since 2005. He is believed to have sold his stock in Wyndham Hotels and Resorts and Extended Stay America in the amount of $628,000 and $1.72 million on Feb. 13. Stocks in both companies would later drop as fear in the virus struck the travel industries.
Loeffler is a junior senator that has only been representing the state of Georgia since being sworn in on January 6, 2020. Georgia governor, Brian Kemp, appointed Loeffler to replace former senator, Johnny Isakson, who stepped down due to health reasons. Loeffler is reported to have sold between $1.275 million and $3.1 million of her stocks. Loeffler is also a minority owner of the WNBA team, Atlanta Dream.