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Brazil Senate Passes Spending Cap in Win for Temer

Brazilian senators on Tuesday passed a 20-year public spending ceiling proposed by President Michel Temer to control a ballooning budget deficit, a crucial step in an austerity drive to rescue Brazil's stalled economy. Approval of the centerpiece of his fiscal plan handed a welcome victory to Temer's scandal-plagued government, which is threatened by corruption accusations and citizens' deep frustration with economic malaise. The Senate approved the cap by a 53-16 margin,...

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