U.S. House and Senate agriculture committee proposals for a new farm law represent a “good faith” effort by lawmakers to resolve a trade dispute over cotton with Brazil, U.S. Agriculture Secretary Tom Vilsack said.
Mexico’s industrial production fell three times more than analysts forecast in March, reinforcing expectations that the central bank will cut interest rates for the second time since 2009 later this year.
Mexico central bank Governor Agustin Carstens, who oversaw the first benchmark rate cut since 2009, said lax monetary policies in developed nations and slowing inflation will help determine future interest rate decisions.
Mexican President Enrique Pena Nieto’s administration must speed up a probe into the alleged purchase of votes in the July elections before a pact among the top parties to pass economic bills can resume, an opposition Senate leader said.
Alejandro Vega hiked five days through the Arizona desert and then toiled 10 years busing restaurant tables, building roads and cleaning manure out of horse corrals in the U.S. before his deportation in 2009.