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Brazil’s Congress Prevents Financial Collapse by Approving Supplementary Credit

By Newsfeed

RIO DE JANEIRO, BRAZIL - Brazil's Congress on Tuesday approved an additional debt debt authorization of R$248.9 (US$64.52) billion to ensure the government can make payments for social programs and meet other expenses.

The lower house and the Senate unanimously approved the bill in a joint session after it had been endorsed by the federal budget committee earlier on Tuesday. It still needs to be signed by President Jair Bolsonaro.

Bolsonaro reached agreement on Tuesday with centrist and opposition parties and took the government out of the political and administrative paralysis in which it . . .

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