U.S. FCC may impose $2 billion budget cap on low-income subsidy

The U.S. Federal Communications Commission may approve a $2 billion a year budget cap as part of an expansion of a subsidy for low-income Americans for phone and Internet services though last minute discussions could derail the deal, two sources briefed on the talks said. At least three of the five commissioners had agreed to the deal early on Thursday, sources said, but its fate remains in doubt after the FCC took the unusual step of twice delaying the start of its meeting by 90 minutes as talk