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The Trump administration is dropping its designation of China as a currency manipulator in advance of the signing Wednesday of a Phase 1 U.S.-China trade agreement. The preliminary pact that the two sides are set to sign includes a section that's intended to prevent China from manipulating its currency to gain trade advantages. The action announced Monday comes five months after the Trump administration had branded China a currency manipulator — the first time that any country had been so named since 1994 during the Clinton administration. 558
Toyota is recalling nearly 700,000 vehicles in the U.S. because the fuel pumps can fail and cause engines to stall. That can increase the risk of a crash.The recall covers certain 2018 and 2019 Lexus LS 500, LC 500, RC 350, RC 300, GS 350, IS 300, ES 350, LX 570, GX 460, and RX 350 models. Also included are certain 2018 and 2019 Toyota 4Runner, Camry, Highlander, Land Cruiser, Sequoia, Sienna, Tacoma, and Tundra models. Some 2019 models also are affected including the Avalon and Corolla.Toyota is still developing repairs. Owners will be notified by mail in mid-March. 585
The US economy is strong, yet discount retailers are booming. That's why "extreme value" supermarket chain Grocery Outlet believes its the perfect time to hit the public market.The 73-year-old discount supermarket has grown to more than 300 stores in the United States, most of them on the West Coast. It hopes to raise 0 million through an IPO, the company said in a 382
Tony Munoz-Mendez was mistakenly released from a Georgia prison while serving three life sentences for sex crimes against a minor. Police recaptured him Oct. 30, 2019, in Fort Thomas, Kentucky. 205
The Senate passed a bill Tuesday to fund the 9/11 Victim Compensation Fund for decades, permanently compensating individuals who were injured during the 2001 terrorist attacks and their aftermath rescuing people and removing debris under hazardous conditions.The vote was 97-2 and supporters cheered when the vote was nearly over.The House passed the bill earlier this month and President Donald Trump is expected to sign it.Comedian Jon Stewart and surviving first responders including John Feal pushed Congress to pass the extension before rewards diminished and the fund expired in 2020."For tens of thousands of people that are waiting to hear the outcome of this, my heart bleeds with joy, knowing that so many people are going to get help," Feal told CNN. "Everything we asked for, we got."Feal said he gave 15 years of his life to the cause and the passage of the bill would change him. "I get to physically and mentally heal," Feal said.In the face of dwindling resources and a surge in claims, the fund's administrator announced in February that it would need to significantly reduce its awards. Special Master Rupa Bhattacharyya said the fund received over 19,000 compensation forms from 2011 to 2016 and almost 20,000 more from 2016 to 2018 in part due to an increased rate of serious illnesses.The original fund from 2001 to 2004 distributed over billion to compensate the families of over 2,880 people who died on 9/11 and 2,680 individuals who were injured, according to the Justice Department. In 2011, Congress reactivated the fund and in 2015 reauthorized it for another five years, appropriating .4 billion to aid thousands more people. The fund was set to stop taking new claims in December 2020.The new bill would extend the expiration date for decades and cost what is deemed necessary. The Congressional Budget Office estimates it will cost about billion over the next decade. Last week, Sen. Rand Paul, R-Kentucky, delayed the bill's passage, criticizing Congress for not offsetting its cost by not cutting government spending elsewhere.The bill is named after James Zadroga, Luis Alvarez and Ray Pfeifer, two New York police detectives and a firefighter who responded to the September 11, 2001, terrorist attacks and died due to health complications attributed to their work at Ground Zero. 2335