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Retail store J. Crew announced that it has emerged out of bankruptcy.In May, the apparel and accessories retailer company filed for bankruptcy amid the coronavirus pandemic.On Thursday, the company said it equitized more than .6 billion of debt with Anchorage Capital Group, L.L.C., which is not its majority owner, and it's now well-positioned for long-term growth.Jan Singer, Chief Executive Officer of J. Crew Group, said in the press release that its strategy focuses on three core pillars: delivering a focused selection of products, brand experience, and what it calls frictionless shopping."As a reinvigorated company, we are committed to serving the changing life and style of today's multifaceted consumer and to delivering long term, sustainable results," Singer said in the release.J.Crew Group operates 170 J.Crew retail stores, 142 Madewell stores, and 170 J.Crew Factory stores throughout the nation. 924

President Donald Trump tweeted Thursday morning that North Korean Supreme Leader Kim Jong Un is "in good health.""Never underestimate him!" Trump added.Reports of Kim Jong Un's failing health have surfaced in recent months. In the spring, reports over several weeks indicated that the dictator was on his death bed, and his sister, Kim Yo-jong was on the verge of taking control of the Hermit Kingdom.However, Kim appeared at a public event on May 1, according to state media. That marked his first public appearance in several weeks, according to the BBC. 564

Rep. Kevin McCarthy was elected House minority leader Wednesday, according to members of Congress in the closed-door meeting where the elections took place, meaning the California Republican will lead House GOP members after Speaker Paul Ryan leaves Capitol Hill at the end of his term in January.The vote was 159-43.With Ryan headed for the exits, McCarthy, the current No. 2 House Republican, was long viewed as the heavy favorite to become minority leader in the new Congress, the highest-ranking GOP leadership post with Republicans in the minority after losing control of the House of Representatives in the 2018 midterms.McCarthy faced a long-shot challenge from Rep. Jim Jordan, the co-founder of the conservative Freedom Caucus, but the California Republican is expected to prevail in his bid to become minority leader. Ryan announced in April that he would not seek re-election and has endorsed McCarthy, the House majority leader for the past four years, to be his successor.Trump and McCarthy have spoken about leadership races recently, territory that Presidents usually avoid so not as to seem like they're alienating members of their own party. In private conversations, Trump has pushed for Jordan and another close conservative ally -- Rep. Mark Meadows of North Carolina -- to have the top Republican positions on key committees, according to a source familiar. McCarthy doesn't dole out those positions-- that's for the House GOP Steering Committee -- but plenty of people on the Steering Committee are loyal to McCarthy and would heed his word. As of Wednesday afternoon it was not clear where Jordan or Meadows would land.A separate source confirmed to CNN that Jordan is interested in ranking member position on Judiciary Committee in order to check Democratic investigations that will be led by Rep. Jerry Nadler of New York. Politico first reported Wednesday that Trump has privately pushed McCarthy to make a deal with Jordan.McCarthy has also positioned himself as a close ally of Trump and a leader who can help Republicans win back control of Congress. In a letter announcing his bid for minority leader, he wrote, "We need to lay the groundwork to regain the majority so that we can continue working alongside President Trump to fulfill our promise to fundamentally change Washington. I helped build a majority from a deeper hole than this and I have what it takes to do it again."Jordan, meanwhile, has pitched himself as a leader who could help defend the President against what is expected to be aggressive Democratic-led oversight efforts."You stand up for the truth. You stand up and defend the White House and the President," Jordan told CNN in a recent interview after being asked how House Republicans can counter a Democratic majority pursuing oversight of the President and the administration.Rep. Scott Perry of Pennsylvania, a member of the Freedom Caucus, said on Tuesday that he plans to vote for Jordan and argued that House Republicans need a change over the status quo if they want to win back the majority."Unless we want to keep on losing races then we ought to consider doing something different than what we've been doing," Perry said. "I don't want to keep doing the same dumb things that we're doing and lose races."Whoever wins out as minority leader will become the most visible face of opposition to the incoming Democratic majority. The next minority leader will also have to decide whether and when the GOP minority might work to find common ground with Democrats and could also come under increased scrutiny from the President as the administration itself goes under a microscope in the new Democrat-controlled Congress.The leadership election comes as incoming freshmen, fresh off of their election wins last week, are in town for new member orientation. Dan Meuser, a member-elect from Pennsylvania, said he's spoken with both men over the weekend about their plans for the next two years, and he hasn't made a decision."I've gotten close with Kevin McCarthy. I think very highly of him. I think he's a very good conservative, showed up a lot of leadership. He certainly earned the position," Meuser told reporters on Tuesday. "On the same note, I think Jim Jordan is a smart, tough, focused individual. So I respect him as well. We'll see over the next couple of days."Next in line for the GOP leadership hierarchy in the new Congress is Rep. Steve Scalise, the current No. 3 House Republican, who is vying for the position of minority whip in the new Congress. Scalise, as majority whip, gained a higher national profile after he was injured last year in a shooting during a Republican congressional baseball practice. Scalise is not facing a challenge for the position.Rep. Liz Cheney, the daughter of former Vice President Dick Cheney, is running unopposed for the position of Republican conference chair, the third-ranking position in the leadership hierarchy with Republicans in the minority. The position is currently held by Rep. Cathy McMorris Rodgers, but she is not seeking re-election to the post.This story has been updated and will continue to update with additional developments.The-CNN-Wire 5173

Ray Szmanda, known to generations of Americans as the man who brought Menards commercials to life, has died at age 91.Szmanda passed away at his home in Antigo on Sunday, May 6, according to an obituary posted to Bradley Funeral Home & Crematory's website.Szmanda worked in T.V. and radio in the 1950s and operated a broadcast school in Waukesha, Wisconsin until the late 1970s, when he joined Menards as a pitchman. After a successful run, Szmanda retired as the spokesman in 1998.Menards released a statement about the loss of their beloved spokesman:"Ray Szmanda remained a steady fixture in our advertising for nearly a quarter century  until his retirement in 1998.  Still to this day, Ray’s friendly, enthusiastic and fun loving personality have made a lasting impression on our customers and all of us at Menards. We are saddened by his passing and our thoughts and prayers are with Ray’s family, friends and the millions of people who knew him as ‘The Menards Guy.'"His countless commercial appearances over the decades, as well as his distinctive voice, endeared Szmanda to many across the years."I'm having a ball; I love what I do, and I think as long as I feel that way, that message gets across on television," Szmanda once said, according to his official biography on the Menards website.Szmanda graduated from Milwaukee's Bay View High School in 1944. In 1970 he founded the Transamerica School of Broadcasting in Wausau, helping local talent to achieve their dreams, and preparing them for the airwaves. Szmanda also performed as a drummer and vocalist in Wisconsin clubs.Additionally, Szmanda served his country in the Navy in WWII. 1707

President-elect Joe Biden formally introduced his picks for several high-ranking administration positions on Friday. Among them was former Obama-era UN ambassador Susan Rice to lead the White House Domestic Policy Council.Biden and vice president-elect Kamala Harris introduced the latest round of cabinet nominees in a press conference at Biden's transition headquarters in Wilmington, Delaware.Rice served as President Barack Obama's U.N. ambassador during his first term, from 2009 to 2013. She later served as Obama's national security adviser in his second term, from 2013 to 2017.Rice is the type of experienced bureaucrat that Biden has been eyeing for a Cabinet-level position, but she also comes with some political baggage, considering her involvement in handling the aftermath of the Benghazi attacks in Libya in 2012. With, at most, a razor-thin majority in the Senate, Biden has opted to grant Rice a position that does not require confirmation.Biden also introduced Rep. Marcia Fudge, D-Ohio, as his pick to run the Department of Housing and Urban Development (HUD). Fudge has served in Congress for five terms, representing the Cleveland area.On Friday, Biden also introduced Denis McDonough as his pick to run Veterans Affairs, Katherine Tai as his pick for U.S. Trade Representative and Tom Vilsack as Agriculture Secretary. 1349