Brazil's Temer Says Sacrifices Needed to End 'Bloated' State

Interim President Michel Temer vowed on Wednesday not to cut spending on health and education but warned that sacrifices are needed to balance Brazil's public accounts and restore economic growth. "There is no longer any room in Brazil for a bloated and inefficient state," he said at a ceremony where the new heads of state banks and state-run oil company Petrobras took office. Temer, who replaced suspended leftist President Dilma Rousseff last month when she stepped down...

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