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Brazil's Temer Vetoes Part of Legislation Easing State Debt

Brazilian President Michel Temer on Wednesday vetoed part of a bill that gives cash-strapped states a temporary pardon on their debts to the federal government to ease their fiscal woes, raising tensions with Congress over the measure. The lower house of Congress last week surprised the Temer administration by scrapping a clause in the bill that forced states in the worst financial condition to take tough austerity measures in exchange for debt relief. The government vetoed those...

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