News | September 25, 2015 02:02 PM EDT

Colombia's president, rebels announce breakthrough in talks

HAVANA (AP) — Colombian President Juan Manuel Santos and leftist guerrilla commanders are announcing an important breakthrough in peace talks that sets the stage to end Latin America's longest-running armed conflict.

In a joint statement, Santos and the Revolutionary Armed Forces of Colombia said Wednesday they have overcome the last significant obstacle to a peace deal by settling on a formula to compensate victims and punish belligerents for human rights abuses.

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