BRASILIA - Brazil’s lower house of Congress approved a landmark overhaul of the country’s pension system on Wednesday by a far wider margin than predicted, delivering a resounding victory to the government in its quest to revive public finances.
House Speaker Rodrigo Maia said he hoped the complete bill could be put to a second, final vote by Friday or early Saturday. That would allow the Senate to take up debate in August after a two-week recess. “Brazil is ever closer to getting on the path to jobs and prosperity,” Bolsonaro said on Twitter, congratulating Maia following the vote.
He defended his allies in the centrist ‘Centrao’ coalition, whom Bolsonaro has accused of perpetuating old-school transactional politics. Brazil’s benchmark Bovespa stock index closed 1.23% higher, reducing gains after hitting an all-time high of 106,650 points. The country’s currency, the real, hit 3.7585 to the U.S. dollar, its strongest level since February.
Here we go with a bunch of ignorant people that doesn’t even know what the reform is about, saying that workers will carry the weight. No, it’s not true. For the first time politicians are included and they will have a lot of cuts and lose a lot of privileges. This is historical.
Here sengo with a bunch of ignorant people that doesn’t even know what the reform is about, saying that workers will carry the weight. No, it’s not true. For the first time politicians are included and they will have a lot of cuts and lose a lot of privileges. This is historical.
Always the dependant class takes the hit. Obnoxious
Always on the backs of the workers and most vulnerable...There is good reason to cal right wing politicians 'cons'.
you can bet it wont affect the people in congress (similar to decisions taken in the UK government) leaving the ordinary people to suffer the consequences
Making Brazil Great Again!
Dólar caindo investimento chegando novo horizonte se abrindo
Yes 🇧🇷🇧🇷🇧🇷🇧🇷🇧🇷🇧🇷
GREAT DAY !!!! 🇧🇷👍
Brazil expects to attract investments that will boost the economy and generate job opportunities for the next 5 years after the pension bill was approved in the lower house.
Elect a neoliberal demagogue and that's what you get: welfare cuts, more poverty, more inequality. Congratulations.
Big day!! 🇧🇷🙏
Well at least there’s some good news out there!!
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: Forbes - 🏆 394. / 53 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: Jezebel - 🏆 153. / 63 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »