WASHINGTON (AP) — Republicans in control of negotiations on long-delayed funding to combat the Zika virus are promising a quick agreement. Behind-the-scenes negotiations have focused on a potential deal in the range of a $1.1 billion measure passed by the Senate last month.
A trickier issue involves whether to pair the Zika funds with cuts to other programs as the House of Representatives calls for to defray the measure's effect on the budget deficit. Democrats, whose votes may be needed to pass the final measure, are against the idea.
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it foresees an exceedingly slow pace of interest rate hikes — and is in no hurry to resume them.
In explaining its decision to keep interest rates unchanged, the Fed expressed concern about a recent slump in U.S. job growth and about the potential consequences of Britain's vote next week on whether to leave the European Union.
