Welfare Reform Vote in Brazil’s Lower House Likely to be Postponed to August

House Speaker Rodrigo Maia said he would prefer not to delay the vote but it was better not to rush, and that waiting 10 or 15 days more will not make a difference in the end.

RIO DE JANEIRO, BRAZIL - (Reuters) Brazil’s lower house of Congress may not vote on a landmark pension reform bill until August, leaders said on Friday, as intense negotiation over amendments delayed the process and reduced savings derived from the overhaul.

The government’s Pension and Labor Secretary Rogerio Marinho said that after amendments the bill is expected to save close to R$900 (US$240) billion over ten years if approved . . .

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