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Finance Minister: Brazil Congress Signals Approval of Spending Ceiling

Finance Minister Henrique Meirelles said on Thursday that Congress has signaled it is willing to approve tough measures to control spending, as Brazil fights to emerge from its worst recession since the 1930s. Meirelles said he is confident a political scandal that cost the jobs of two of Interim President Michel Temer's cabinet ministers will not hinder planned efforts to enact a permanent ceiling for public spending. "This is a key discussion that is not subject to mood...

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