Brazil Congress Upholds Vetoes; Spending Increase Averted

Brazil's Congress has upheld President Dilma Rousseff's vetoes of two bills to raise public spending — a victory for the leftist leader as she tries to close a gaping fiscal deficit and regain investors' confidence. Opposition lawmakers on Wednesday failed to reach the absolute majority needed to override a veto of a bill to raise benefit payments to retirees. Congress late Tuesday upheld another veto to avoid steep wage hikes for judiciary employees. The two bills would...

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