A meeting of finance ministers from the 20 leading industrial and developing nations wrapped up over the weekend in Moscow. The nations agreed to not to target the exchange rates of their respective currencies amid concerns that competitive devaluation could spark a currency war.
White House Chief of Staff Denis McDonough said the cuts would offset "pretty good" economic activity over the past few months. GOP Rep. Paul Ryan was pessimistic about a deal, while Democratic Sen. Charles Schumer said the two sides would come together for an agreement.
President Obama reiterated his goal of bringing America up to speed with new high-speed rail projects nationwide. Meanwhile, the freight-rail systems are still helping farmers keep costs down and getting their crops out. Any new kind of rail expansion would have to take these long-established networks into account.
The engine room fire, power outage and ensuing problems aboard the stricken Carnival Triumph are far from the first major issues aboard a cruise ship. With bigger ships and more passengers than ever, the companies' safety concerns have been magnified.
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