Rumor Sparks Mass Withdrawals: Daily

By Ben Tavener, Senior Contributing Reporter

SÃO PAULO, BRAZIL – A rumor that the Bolsa Família anti-poverty program was set to close led to hundreds of thousands of families withdrawing the state benefit over the weekend. Caixa Econômica Federal, the state-run bank that organizes the Bolsa Família, said R$152 million (around US$75 million) had been taken in some 900,000 withdrawals, the majority of which had taken place in Brazil . . .

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