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Brazil's Congress Upholds Vetoes Limiting Fiscal Deterioration

Brazil's Congress early on Wednesday upheld key presidential vetoes to avert a surge in public expenditure and postponed a decision on a possible salary increase for judiciary employees, in a rare victory for an embattled government struggling to rebalance its fiscal accounts. Lawmakers decided to uphold President Dilma Rousseff's veto of a bill to remove social security taxes on diesel fuel purchases. The bill would have cost the government 64.6 billion reais ($15.95 billion) in...

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