Receive Breaking News updates as they occur
NEW DELHI (AP) — U.S. Secretary of State John Kerry is in India for strategic and commercial talks being held against the backdrop of rising tensions in the disputed region of Kashmir, long a flashpoint between India and rival Pakistan.
The U.S. job market is nearly at full strength and the pace of interest rate increases by the Federal Reserve will depend on how well the economy is doing, Fed Vice Chairman Stanley Fischer said on Tuesday. In an interview with Bloomberg TV, Fischer did not comment on the timing of the next Fed rate hike but said "we choose the pace on basis of data," and that U.S. "employment is very close to full employment." Fed Chair Janet Yellen said on Friday she thought the case had grown stronger in recent months for an interest rate increase, remarks that Fischer later that day said were consistent with a view that the U.S. central bank might raise rates at its next policy meeting in September.
Construction crews worked through the night to build a tent complex to host an Italian state funeral Tuesday in quake-devastated Amatrice after outraged residents rejected the government's plan to hold ...