Some 3.4 million vehicles produced by four Japanese automakers are being voluntarily recalled due to faulty airbag inflators.
The inflators were installed in some of Toyota's top-selling Camry and Corolla models produced since 2000. Certain Honda Civics and Mazdas are also subject to recall, which also reportedly includes the Maxima and Cube, according to Reuters.
The defective passenger-side airbag inflators were produced by Tokyo-based Takata at a Mexican plant, Reuters says.
GREENE: The recall affects some three million vehicles made by four Japanese car makers: Toyota, Nissan, Honda and Mazda. All are citing a problem with passenger-side airbags that causes them to deploy abnormally and potentially cause a fire.
Now the Federal Housing Administration might need its first bailout in its 79 year history. So-called reversed mortgages are at the heart of the problem here, as fallout from the housing crisis continues.
NPR's Dan Bobkoff explains.
DAN BOBKOFF, BYLINE: Perhaps you've seen ads like this one on TV.
(SOUNDBITE OF TV AD)
FRED THOMPSON: A government-insured reverse mortgage allows seniors to stay in their own home and turn their equity into tax-free cash...
Now to Paris, France - where a walkout briefly shut down one of the world's most visited museums. Our last word in business: Pickpocket Protest.
The Louvre is famous for its priceless works of art - think the Mona Lisa - which it protects with high-tech security. But apparently, the Paris museum is less effective at protecting the valuables of patrons and staff.
OK. President Obama's budget is out - two months behind schedule. It is four volumes, 2,509 pages.
To tell us what pages we should be looking at closely, we turn, as we often do, to David Wessel. He's The Wall Street Journal's, economics editor and the author of a book on the budget called "Red Ink."
As Venezuela's president, Hugo Chavez thought in grandiose terms, and his country's vast oil riches enabled him to act on his vision. But Chavez died before he had to deal with the flaws in his model, and some hard choices await his successor.
Key to Chavez's notion of "21st Century Socialism" was the redistribution of Venezuela's oil earnings. The country's oil reserves — estimated by the Organization of Petroleum Exporting Countries to be the largest in the world — are worth tens of billions of dollars a year in potential revenue.