Henrique Meirelles, a former finance minister in unpopular President Michel Temer's government, joined Brazil's presidential race on Thursday, promising market reforms to rebuild the battered economy.
Three ex Brazilian presidents are holding talks on the future of the country following what seems the inevitable outcome of the current political situation with deep differences between the political system and the Judiciary.
A special aide to embattled Brazilian President Michel Temer was arrested on Tuesday in connection with a fraud scheme and another aide gave police a bag filled with cash that was allegedly part of a bribe approved by the leader.
A federal court sentenced Brazil’s former speaker of the Lower House, Eduardo Cunha, to more than 15 years in prison on Thursday for corruption, making him the highest-profile political conviction yet in the “Operation Car Wash” scandal. The former politician’s defense team said they would appeal the decision but Cunha will remain imprisoned pending appeal.
Brazil's president has picked as his new foreign minister a man who has sharply criticized U.S. President Donald Trump. President Michel Temer named Sen. Aloysio Nunes to the post Thursday to replace Jose Serra. Serra resigned last week for medical reasons. The appointment doesn't require congressional approval. Both Nunes and Serra belong to the center PSDB party, senior member of the ruling coalition.
Brazilian President Michel Temer has been accused of taking a large bribe by a former political ally. Lawyers for former President Dilma Rousseff, who was removed from office in May, filed court documents which they say prove the claim.
Marcelo Crivella on Sunday won the mayor's race in Rio de Janeiro, beating leftist Marcelo Freixo by a wide margin. Crivella, with the Brazilian Republican party, garnered 59.35% of the votes to 40.65% for Freixo, who is with the Socialism and Freedom Party.
The corruption-related arrest of a former top Brazilian lawmaker on Wednesday threatens to revive political turmoil and snap the momentum of a government economic reform campaign. Eduardo Cunha was taken into police custody Wednesday on accusations of corruption and money laundering related to oil platform contracts with state-controlled Petrobras. He denies the accusations.
A Congressional committee in Brazil approved on Thursday a constitutional amendment that would limit public spending to the rate of inflation for 20 years, handing President Michel Temer an initial victory in his plan to plug a widening deficit, which if continued at the current rate could lead to fiscal collapse and public accounts insolvency, a repeat of the Greek tragedy.
The Brazilian Senate on Wednesday midday impeached suspended president Dilma Rousseff, and removed her from office for the rest of her term, ending a power struggle that has consumed the nation for months but has not solved any of its mounting problems, rather the contrary. Vice-president and interim president Michel Temer will formally replace the first woman president of the country.