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Meng Wanzhou exits her home in Vancouver, British Columbia, Canada, on Sept. 24, 2021. Photo: Jimmy Jeong/Bloomberg via Getty Images

Huawei Technologies executive Meng Wanzhou reached a deal with the Justice Department that resolves the criminal charges against her and could pave the way for her to return to China, AP reports.

Why it matters: The deal settles a yearslong dispute involving the U.S., China and Canada, where Meng, Huawei's chief financial officer, has remained since her arrest there in December 2018, per AP.

State of play: The Trump administration's Justice Department in 2019 unveiled indictments against Meng and others associated with Huawei, accusing the tech giant of violating Iran trade sanctions.

  • Meng was accused of attempting to skirt sanctions in 2007 by lying about Huawei's ownership of the Iranian business Skycom.
  • The U.S. in 2019 formally asked Canada to extradite Meng, the daughter of Huawei's founder.
  • Last month, a Canadian judge reserved her decision on whether Meng should be extradited to the U.S. after a Canadian Justice Department lawyer said that there was sufficient evidence to show that Meng was dishonest, AP writes.

Between the lines: The resolution is a deferred prosecution, meaning the defendant must follow certain conditions in exchange for the Justice Department to ultimately abandon the case.

Go deeper: DOJ charges Huawei CFO with violating Iran trade sanctions

Go deeper

CCP releases two jailed Canadians after Huawei CFO deal with DOJ

Photo: Sheldon Cooper/SOPA Images/LightRocket via Getty Images

Two Canadians imprisoned by the Chinese government for over 1,000 days have been released and are expected to arrive in Canada on Saturday, Prime Minister Justin Trudeau said Friday.

Why it matters: Their release comes hours after Huawei Technologies CFO Meng Wanzhou reached a deal with the U.S. Department of Justice that resolves the criminal charges against her and could pave the way for her to return to China.

Mike Allen, author of AM
2 hours ago - Politics & Policy

Fauci fires back at Rand Paul for slam on tonight's "Axios on HBO"

Responding to charges by Sen. Rand Paul on Sunday's "Axios on HBO," NIAID director Anthony Fauci told "ABC This Week" that it's "molecularly impossible" for U.S.-funded bat virus research in China to have produced COVID-19.

Why it matters: The issue 0f Wuhan research was reignited on the right last week with a National Institutes of Health letter to Congress disclosing more about the research.

Manchin, Schumer huddle with Biden in Delaware to discuss spending bill

Senate Majority Leader Chuck Schumer (L) and Sen. Joe Manchin (R) at the U.S. Capitol on Nov. 13, 2014. Photo: Win McNamee/Getty Images

Sen. Joe Manchin (D-W.Va.) will meet with President Biden and Senate Majority Leader Charles Schumer (D-N.Y.) on Sunday morning in Delaware as Democrats look to reach an agreement on the massive spending measure.

Driving the news: Democrats are still negotiating what to keep in the bill and how to pay for it, with Biden saying on Thursday that the party does not have the votes to raise the corporate tax rate.