IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL5.08▲ 0.20% USD/MXN17.33▲ 0.08% USD/CLP924.37▼ 0.72% USD/COP3,228▲ 0.79% USD/PEN3.39▼ 0.08% USD/ARS1,494▲ 0.57% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP57.83▼ 0.28% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.10▼ 0.06% USD/TTD6.74▲ 0.40% EUR/BRL5.85▼ 0.13% BRENT 83.99 ▼ 6.80% WTI 80.49 ▼ 4.94% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.68% GOLD 4,109 ▲ 1.48% SILVER 58.32 ▲ 1.27% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.38 ▲ 0.23% PETR4 42.86 ▼ 1.29% VALE3 74.29 ▼ 2.61% ITUB4 43.01 ▲ 0.32% BBDC4 18.54 ▲ 0.70% ABEV3 15.83 ▼ 1.00% BBAS3 21.29 ▼ 0.28% B3SA3 15.58 ▼ 0.95% WEGE3 48.53 ▲ 2.82% PRIO3 58.85 ▼ 3.29% SUZB3 43.32 — 0.00% RENT3 38.11 ▲ 1.33% AZZA3 16.16 ▼ 1.58% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.13 ▼ 1.04% CVCB3 1.42 ▲ 8.40% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.53 ▲ 1.79% BRKM5 5.91 ▼ 1.01% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.70 ▼ 0.18% USIM5 7.57 ▲ 2.85% GGBR4 25.43 ▲ 1.80% ENEV3 26.80 ▲ 1.86% CPFE3 45.90 ▼ 0.52% CMIG4 11.29 ▼ 0.44% EQTL3 38.88 ▲ 0.57% LREN3 13.85 ▲ 1.84% VIVT3 32.35 ▼ 0.86% RAIL3 14.15 ▼ 2.01% KLABIN 18.35 ▲ 0.55% RAIA DROGASIL 18.66 ▲ 0.97% RDOR3 34.04 ▼ 1.73% HAPV3 11.92 ▲ 5.67% FLRY3 17.28 ▲ 0.82% SMTO3 14.38 ▼ 0.96% UGPA3 33.11 ▲ 0.18% VBBR3 36.29 ▲ 0.67% BBSE3 41.37 ▲ 0.27% BPAC11 57.28 ▲ 0.85% CURY3 31.55 ▲ 4.85% AERI3 2.14 ▼ 0.47% VIVARA 22.87 ▲ 3.11% COMPASS 24.91 ▲ 0.28% VAMOS 3.29 ▼ 1.50% SANB11 28.96 ▲ 1.19% ASAI3 8.49 ▼ 0.12% SBSP3 27.44 ▼ 0.94% WALMEX 49.72 ▼ 1.05% GMEXICO 212.23 ▲ 2.17% FEMSA 216.73 ▼ 2.13% CEMEX 20.56 ▲ 0.24% GFNORTE 198.25 ▼ 1.16% BIMBO 61.34 ▼ 1.00% TELEVISA 9.61 ▼ 2.04% AMX 21.53 ▼ 2.45% GAP 376.42 ▼ 0.03% ASUR 276.24 ▲ 0.22% OMA 230.46 ▼ 0.38% KOF 185.18 ▼ 1.11% GRUMA 264.29 ▲ 2.35% KIMBER 40.11 ▼ 0.22% SQM-B 61,751 ▼ 1.51% COPEC 6,292 ▼ 0.92% BSANTANDER 79.98 ▼ 1.25% FALABELLA 6,305 ▲ 1.43% ENELAM 87.24 ▼ 0.85% CENCOSUD 1,955 ▲ 0.01% CMPC 1,067 ▲ 1.11% BANCO CHILE 191.08 ▼ 1.36% LATAM AIR 25.25 ▲ 2.06% YPF 8,105 ▼ 2.23% GGAL 7,955 ▲ 0.93% PAMPA 5,505 ▼ 0.90% TXAR 654.00 ▼ 0.83% ALUAR 969.50 ▼ 0.82% TGS 9,860 ▼ 1.89% CEPU 2,375 ▼ 0.88% MIRGOR 1,650 ▼ 89.91% COME 43.30 ▼ 1.66% LOMA NEGRA 3,558 ▼ 1.73% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,383 ▼ 0.57% ECOPETROL 16.61 ▼ 0.98% BANCOLOMBIA 91.06 ▼ 1.58% GRUPO AVAL 5.21 ▼ 1.33% CREDICORP 395.93 ▼ 1.16% SOUTHERN COPPER 186.69 ▲ 2.18% BUENAVENTURA 30.42 ▲ 0.46% MERCADOLIBRE 1,899 ▲ 1.10% NUBANK 14.48 ▲ 1.01% XP 17.01 ▼ 0.32% PAGSEGURO 9.63 ▼ 0.16% STONE 11.33 ▼ 0.44% GLOBANT 37.60 ▲ 2.73% TECNOGLASS 46.34 ▲ 6.68% GAP AIRPORT 217.46 ▲ 0.05% ASUR 276.24 ▲ 0.22% OMA AIRPORT 106.47 ▼ 0.40% AMX ADR 24.82 ▼ 2.09% FEMSA ADR 124.95 ▼ 2.38% CEMEX ADR 11.86 ▲ 0.30% PETROBRAS ADR 19.06 ▼ 1.75% VALE ADR 14.57 ▼ 3.29% ITAU ADR 8.46 — 0.00% SANTANDER BR 5.73 ▲ 0.97% AMBEV ADR 3.06 ▼ 1.61% CSN 0.91 ▼ 7.94% GERDAU 5.02 ▲ 1.11% LATAM ADR 54.48 ▲ 3.26% BTC 63,833 ▲ 0.55% ETH 1,869 ▼ 0.73% SOL 73.96 ▲ 0.70% XRP 1.08 ▼ 0.47% BNB 591.30 ▲ 0.64% ADA 0.19 ▲ 2.18% DOGE 0.07 ▼ 0.54% AVAX 6.57 ▲ 0.45% LINK 8.24 ▼ 1.58% DOT 0.83 ▲ 3.70% LTC 44.26 ▼ 0.84% BCH 213.75 ▲ 0.58% TRX 0.33 ▲ 0.69% XLM 0.17 ▼ 1.17% HBAR 0.07 ▲ 0.72% NEAR 1.74 ▲ 1.48% ATOM 1.37 ▲ 8.55% AAVE 92.96 ▲ 1.04% SELIC 14.25% EMBRAER 90.49 ▲ 4.14% EMBRAER ADR 71.30 ▲ 4.35% JBS 13.76 ▼ 1.85% JBS BDR 70.09 ▼ 0.86% MBRF3 17.74 ▲ 1.14% MBRFY 3.43 ▼ 0.29% INTER 5.60 — 0.00% EGX 54,094 ▼ 0.35% USD/ZAR16.52▼ 0.16% USD/NGN1,361▲ 0.07% NIKKEI 63,755 ▼ 0.94% CSI300 4,543 ▼ 0.98% HSI 26,009 ▲ 0.48% NIFTY 24,774 ▲ 1.60% KOSPI 6,257 ▼ 5.12% JCI 6,234 ▼ 0.03% USD/JPY156.88▼ 0.36% USD/CNY6.75▼ 0.07% DAX 26,001 ▲ 1.45% CAC 8,614 ▲ 1.22% FTSE 10,858 ▼ 0.10% MIB 52,872 ▲ 1.34% IBEX 19,983 ▲ 1.01% STOXX 652.09 ▲ 0.45% EUR/USD1.15▼ 0.25% GBP/USD1.34▼ 0.41% SPX 7,607 ▲ 1.57% DJI 53,190 ▲ 1.34% NDX 28,794 ▲ 1.84% RUT 2,980 ▲ 1.67% TSX 35,226 ▼ 0.79% VIX 15.78 ▼ 1.31% USD/CAD1.40▲ 0.25% US10Y 4.6860 ▼ 1.24% IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL 5.08 ▲ 0.20% USD/MXN 17.33 ▲ 0.08% USD/CLP 924.37 ▼ 0.72% USD/COP 3,228 ▲ 0.79% USD/PEN 3.39 ▼ 0.08% USD/ARS 1,494 ▲ 0.57% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 57.83 ▼ 0.28% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.10 ▲ 0.31% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.85 ▼ 0.13% BRENT 83.99 ▼ 6.80% WTI 80.49 ▼ 4.94% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.68% GOLD 4,109 ▲ 1.48% SILVER 58.32 ▲ 1.27% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.38 ▲ 0.23% PETR4 42.86 ▼ 1.29% VALE3 74.29 ▼ 2.61% ITUB4 43.01 ▲ 0.32% BBDC4 18.54 ▲ 0.70% ABEV3 15.83 ▼ 1.00% BBAS3 21.29 ▼ 0.28% B3SA3 15.58 ▼ 0.95% WEGE3 48.53 ▲ 2.82% PRIO3 58.85 ▼ 3.29% SUZB3 43.32 — 0.00% RENT3 38.11 ▲ 1.33% AZZA3 16.16 ▼ 1.58% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.13 ▼ 1.04% CVCB3 1.42 ▲ 8.40% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.53 ▲ 1.79% BRKM5 5.91 ▼ 1.01% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.70 ▼ 0.18% USIM5 7.57 ▲ 2.85% GGBR4 25.43 ▲ 1.80% ENEV3 26.80 ▲ 1.86% CPFE3 45.90 ▼ 0.52% CMIG4 11.29 ▼ 0.44% EQTL3 38.88 ▲ 0.57% LREN3 13.85 ▲ 1.84% VIVT3 32.35 ▼ 0.86% RAIL3 14.15 ▼ 2.01% KLABIN 18.35 ▲ 0.55% RAIA DROGASIL 18.66 ▲ 0.97% RDOR3 34.04 ▼ 1.73% HAPV3 11.92 ▲ 5.67% FLRY3 17.28 ▲ 0.82% SMTO3 14.38 ▼ 0.96% UGPA3 33.11 ▲ 0.18% VBBR3 36.29 ▲ 0.67% BBSE3 41.37 ▲ 0.27% BPAC11 57.28 ▲ 0.85% CURY3 31.55 ▲ 4.85% AERI3 2.14 ▼ 0.47% VIVARA 22.87 ▲ 3.11% COMPASS 24.91 ▲ 0.28% VAMOS 3.29 ▼ 1.50% SANB11 28.96 ▲ 1.19% ASAI3 8.49 ▼ 0.12% SBSP3 27.44 ▼ 0.94% WALMEX 49.72 ▼ 1.05% GMEXICO 212.23 ▲ 2.17% FEMSA 216.73 ▼ 2.13% CEMEX 20.56 ▲ 0.24% GFNORTE 198.25 ▼ 1.16% BIMBO 61.34 ▼ 1.00% TELEVISA 9.61 ▼ 2.04% AMX 21.53 ▼ 2.45% GAP 376.42 ▼ 0.03% ASUR 276.24 ▲ 0.22% OMA 230.46 ▼ 0.38% KOF 185.18 ▼ 1.11% GRUMA 264.29 ▲ 2.35% KIMBER 40.11 ▼ 0.22% SQM-B 61,751 ▼ 1.51% COPEC 6,292 ▼ 0.92% BSANTANDER 79.98 ▼ 1.25% FALABELLA 6,305 ▲ 1.43% ENELAM 87.24 ▼ 0.85% CENCOSUD 1,955 ▲ 0.01% CMPC 1,067 ▲ 1.11% BANCO CHILE 191.08 ▼ 1.36% LATAM AIR 25.25 ▲ 2.06% YPF 8,105 ▼ 2.23% GGAL 7,955 ▲ 0.93% PAMPA 5,505 ▼ 0.90% TXAR 654.00 ▼ 0.83% ALUAR 969.50 ▼ 0.82% TGS 9,860 ▼ 1.89% CEPU 2,375 ▼ 0.88% MIRGOR 1,650 ▼ 89.91% COME 43.30 ▼ 1.66% LOMA NEGRA 3,558 ▼ 1.73% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,383 ▼ 0.57% ECOPETROL 16.61 ▼ 0.98% BANCOLOMBIA 91.06 ▼ 1.58% GRUPO AVAL 5.21 ▼ 1.33% CREDICORP 395.93 ▼ 1.16% SOUTHERN COPPER 186.69 ▲ 2.18% BUENAVENTURA 30.42 ▲ 0.46% MERCADOLIBRE 1,899 ▲ 1.10% NUBANK 14.48 ▲ 1.01% XP 17.01 ▼ 0.32% PAGSEGURO 9.63 ▼ 0.16% STONE 11.33 ▼ 0.44% GLOBANT 37.60 ▲ 2.73% TECNOGLASS 46.34 ▲ 6.68% GAP AIRPORT 217.46 ▲ 0.05% ASUR 276.24 ▲ 0.22% OMA AIRPORT 106.47 ▼ 0.40% AMX ADR 24.82 ▼ 2.09% FEMSA ADR 124.95 ▼ 2.38% CEMEX ADR 11.86 ▲ 0.30% PETROBRAS ADR 19.06 ▼ 1.75% VALE ADR 14.57 ▼ 3.29% ITAU ADR 8.46 — 0.00% SANTANDER BR 5.73 ▲ 0.97% AMBEV ADR 3.06 ▼ 1.61% CSN 0.91 ▼ 7.94% GERDAU 5.02 ▲ 1.11% LATAM ADR 54.48 ▲ 3.26% BTC 63,833 ▲ 0.55% ETH 1,869 ▼ 0.73% SOL 73.96 ▲ 0.70% XRP 1.08 ▼ 0.47% BNB 591.30 ▲ 0.64% ADA 0.19 ▲ 2.18% DOGE 0.07 ▼ 0.54% AVAX 6.57 ▲ 0.45% LINK 8.24 ▼ 1.58% DOT 0.83 ▲ 3.70% LTC 44.26 ▼ 0.84% BCH 213.75 ▲ 0.58% TRX 0.33 ▲ 0.69% XLM 0.17 ▼ 1.17% HBAR 0.07 ▲ 0.72% NEAR 1.74 ▲ 1.48% ATOM 1.37 ▲ 8.55% AAVE 92.96 ▲ 1.04% SELIC 14.25% EMBRAER 90.49 ▲ 4.14% EMBRAER ADR 71.30 ▲ 4.35% JBS 13.76 ▼ 1.85% JBS BDR 70.09 ▼ 0.86% MBRF3 17.74 ▲ 1.14% MBRFY 3.43 ▼ 0.29% INTER 5.60 — 0.00% EGX 54,094 ▼ 0.35% USD/ZAR 16.52 ▼ 0.14% USD/NGN 1,361 ▼ 0.23% NIKKEI 63,755 ▼ 0.94% CSI300 4,543 ▼ 0.98% HSI 26,009 ▲ 0.48% NIFTY 24,774 ▲ 1.60% KOSPI 6,257 ▼ 5.12% JCI 6,234 ▼ 0.03% USD/JPY 156.86 ▼ 0.34% USD/CNY 6.7464 ▲ 0.02% DAX 26,001 ▲ 1.45% CAC 8,614 ▲ 1.22% FTSE 10,858 ▼ 0.10% MIB 52,872 ▲ 1.34% IBEX 19,983 ▲ 1.01% STOXX 652.09 ▲ 0.45% EUR/USD 1.1517 ▼ 0.09% GBP/USD 1.3433 ▼ 0.40% SPX 7,607 ▲ 1.57% DJI 53,190 ▲ 1.34% NDX 28,794 ▲ 1.84% RUT 2,980 ▲ 1.67% TSX 35,226 ▼ 0.79% VIX 15.78 ▼ 1.31% USD/CAD 1.4043 ▲ 0.19% US10Y 4.6860 ▼ 1.24%
since 2009
Monday, August 3, 2026

Brazilian Minister Suggests Executive Should Combat Congressional “Blackmail”

By · February 20, 2020 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – Pressure from Congress to overturn President Jair Bolsonaro‘s vetoes on the tax budget and control some of the 2020 resources increased tension in the government at the ministers’ meeting on Tuesday at the Alvorada Palace.

Minister of the Office of Institutional Security, Augusto Heleno.
Minister of the Office of Institutional Security, Augusto Heleno. (Photo: internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

Infuriated, the Minister of the Office of Institutional Security, Augusto Heleno, banged on the table, saying the government should not give in to Congressional “blackmail” and directed the president to “summon the people to the streets”. However, Bolsonaro called for caution and advised the political go-betweens to stitch up a new agreement.

Augusto Heleno’s anger at the pressure from Congress to control part of the tax budget began early, at 8 AM, during the flag-raising ceremony at the Alvorada Palace.

Heleno contended that the government was “negotiating a surrender” by accepting Congress to override some of the president’s vetoes, and asked Minister of Economy Paulo Guedes and Secretary of Government Luiz Eduardo Ramos to re-negotiate with Congress to try to uphold all vetoes.

In an audio recorded during a live broadcast of the Presidency on the Internet, Heleno said that the Executive branch cannot accept “blackmail” from Congress at all times.

“We can’t accept these guys blackmailing us all the time. Screw them,” said Heleno in the presence of Ministers Guedes and Ramos.

At the Government Council meeting in the Alvorada Palace, the GSI minister again voiced the president’s discomfort at allowing Congress to override his vetoes and control R$30 billion (US$7.5 billion) in the 2020 budget.

The Brazilian National Congress in Brasília.
The Brazilian National Congress in Brasília. (Photo: internet reproduction)

According to allies, Bolsonaro’s concern is that he will soon begin to govern under a parliamentary system. During the event with ministers, Heleno echoed the President’s annoyance, saying that the government cannot be “cornered” by pressure from Congress and that, if needed, the people should take to the streets to protest.

The stitching up of the new agreement began to be worked on early Tuesday night at Senate President Davi Alcolumbre’s official residence. In the presence of deputy Maia, the economic team and political coordination committed to persuade Bolsonaro to send a bill amending the Budget to turn R$15 billion that were marked as “amendment of the rapporteur” into funds available to ministries. The previous agreement provided for R$11 billion.

If all vetoes are overturned, Congress will have control of R$30 billion. The new draft now provides for R$10 billion to be placed under the power of deputies to be invested in public policies in hospitals, school construction; another R$5 billion will be shared among senators, R$11.6 billion will be returned to the Ministry of Economy and R$3.8 billion will be placed under the responsibility of the Government Secretariat to be transferred to the education area.

People close to the President have advised against bickering with Congress. In private conversations, advisors use the history of politics as examples, such as ex-presidents Dilma Rousseff and Fernando Collor who were impeached after clashes with the legislative branch.

Allies argue that the government needs to work together with Congress, otherwise the President may be prevented from working.

Source: Exame

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.