Ticker: Best Buy recalls pressure cookers; Biden launches office conversion push

Best Buy is recalling nearly 1 million pressure cookers and separate inner pots due to a defect that can cause hot foods to spew out, posing burn hazards.

The recalled pressure cookers, sold under the brand Insignia, have incorrect volume markings on their inner pots that can cause consumers to overfill them. As a result, hot food and liquids can be ejected from the device when it’s vented or opened, according to a notice from the U.S. Consumer Product Safety Commission.

The 930,000 Insignia Multi-Function Pressure Cookers and inner pots — which were sold separately as replacements — under recall were sold at Best Buy stores nationwide, as well as online on Best Buy’s website and Amazon from October 2017 through June of this year.

Biden gets behind office conversions

The Biden administration is launching a multi-agency effort to encourage states and cities to convert more empty office buildings into housing units, with billions of federal dollars available to help spur such transitions.

The new initiative involves the departments of Housing and Urban Development and Transportation, along with the General Services Administration and the Office of Management and Budget in a multi-pronged effort to address both the national shortage of affordable housing and the post-pandemic surplus of vacant office buildings.

“This presents an area of opportunity to both increase housing supply while revitalizing main streets. It’s a win-win,” said Lael Brainard, director of the National Economic Council. “We’re utilizing resources from across the government.”

Boston Mayor Michell Wu has already launched a downtown office space conversion program in the city. That program has just started taking applications.

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