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Honda reaches $5 million defective air bag settlement with Arizona

The settlement follows an $85 million settlement announced in August with nearly all other U.S. states. Arizona said the Honda settlement includes $1.65 million in restitution for state consumers, a $2.13 million repair incentive program, $750,000 for consumer outreach and a $500,000 payment to Arizona.

Faulty air bag inflators have been tied to at least 15 U.S. deaths in Honda vehicles.

Fed’s Brainard Urges More Fiscal Aid in Dark Warning on Outlook

Fed's Mester says further study needed of monetary policy's affect on financial stability