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Libya will pay hundreds of millions of dollars to victims of terrorist attacks involving Americans in an agreement signed and finalized Thursday, the U.S. State Department said.

Assistant Secretary of State David Welch signed the deal in Tripoli, Libya, on Thursday. If implemented, the deal will end Libya's legal liability in numerous lawsuits from families of victims of what the United States considers Libyan terrorist acts. It also paves the way for stronger ties between the two nations and increased U.S. involvement in the oil-rich nation.

"This resolves the last major historical issue that has stood in the way of a more normal relationship between our two countries," Welch said. Read full article »

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