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Boeing CEO Dennis Muilenburg. Photo: Jim Young-Pool/Getty Images

In an exclusive interview with CBS Evening News, Boeing CEO Dennis Muilenburg apologized to the families of the 346 people who died when two of the company's 737 MAX 8 jets crashed in separate incidents within a 5-month period.

“We feel terrible about these accidents, and we apologize for what happened. We are sorry for the loss of lives in both accidents. We are sorry for the impact to the families and the loved ones that are behind, and that will never change, that will always be with us. I can tell you it affects me directly as a leader of this company. It’s very difficult.”

Why it matters: This is the first time Muilenburg made an unqualified apology to crash victims, and it represents a turning point in company strategy in getting its best-selling aircraft back in the air again.

Context: Both crashes have been tied to an aircraft control system known as MCAS, which was designed to prevent the aircraft from stalling, or losing lift, in certain flight configurations. The repeated intervention of MCAS when a stall was not imminent is thought to have contributed to both crashes and resulted in the grounding of all 737 MAX jets.

  • The crashes, which were unprecedented for a modern airliner introduction into worldwide service, prompted the FAA, Justice Department, SEC and congressional committees to launch investigations into the aircraft's design, certification and operation.

What's next: Boeing is preparing to submit a software fix that they hope will lead to re-certification of the aircraft by the FAA and international aviation regulators.

Go deeper: Everything you need to know about the Boeing 737 MAX crashes

Go deeper

Scoop: Former OMB director to set up Pro-Trump think tanks

OMB Director Russ Vought parfticipates in a photo-op for the printing of President Donald Trumps budget for Fiscal Year 2020 at the Government Publishing Office in Washington on Thursday, March 7, 2019. (Photo By Bill Clark/CQ Roll Call)

Russ Vought, who led Donald Trump's Office of Management and Budget, plans to announce two pro-Trump organizations Tuesday, aiming to provide the ideological ammunition to sustain Trump's political movement after his departure from the White House.

Why it matters: The Center for American Restoration and an advocacy arm, America Restoration Action, will try to keep cultural issues that animated Trump’s presidency on the public agenda, according to people familiar with the matter.

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.