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Brazil's Savings Target is $28B, Lawmaker Says

Brazil is working on a plan to save around 80 billion reais ($28 billion) this year to meet a fiscal goal that is crucial to regaining investors' trust, a senior lawmaker and a government official said Tuesday. The head of the Brazilian Senate, Renan Calheiros, told reporters that newly appointed Finance Minister Joaquim Levy asked allied lawmakers of the PMDB party to support the savings plan. Levy told lawmakers Monday evening that he was working on such a plan but "will not...

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