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The United States and Cuba are close to a deal on restoring regularly scheduled commercial flights, Cuban and American officials said Wednesday on the eve of the anniversary of detente between the Cold War foes.

The diplomatic advance would help open the way for U.S. airlines to begin flying to Cuba within months in what would likely be the biggest step toward tighter economic ties since the two countries began normalizing relations last year. Officials on both sides said they had reached an understanding on key points and hoped to reach a formal deal within hours or days. Read More