Brazil’s pension reform proposal returns to the congressional spotlight with a committee of lower house lawmakers opening its analysis of the government’s bill just as the outlook for the economy is deteriorating rapidly.
Brazilian police have accused Rodrigo Maia, Brazil’s powerful lower house speaker, and his father of receiving bribes totalling at least 1.4 million reais (US$ 361,869), a document on Friday showed. The federal police document was delivered to the Supreme Court, as part on an ongoing investigation into Maia.
Finance Minister Henrique Meirelles said on Wednesday that he is focused on Brazil’s economic recovery and not thinking at this time of running for president in the October election, though he might consider a bid in April.
Brazilian Finance Minister Henrique Meirelles said on Monday that although there may be differences in strategy between president Michel Temer and the speaker of the House of Representatives, Rodrigo Maia, everyone's goal is to ensure the approval of the pension reform.