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WASHINGTON (AP) — Christine Lagarde, the managing director of the International Monetary Fund, is calling the inclusion of China's renminbi as the fifth currency in an elite group of the world's reserve currencies an "important and historic milestone" for the international financial system.
SAN JUAN, Puerto Rico (AP) — A federal control board on Friday took over Puerto Rico's finances and several government agencies for the first time in the U.S. territory's history in a bid to haul the island out of an acute economic crisis.
One woman was killed and more than 100 people injured when a commuter train traveling "at a high rate of speed" plowed into the station at Hoboken, New Jersey during the morning rush hour on Thursday. New Jersey's Republican Governor Chris Christie, a prominent ally in Donald Trump's race to become president, in July temporarily shut down $2.7 billion worth of New Jersey Transit projects in a political dispute with state Democrats. A federal law passed in 2008 required rail companies to adopt Positive Train Control, a technology designed to help prevent accidents, by the end of 2015.