Brazil's Vice President Michel Temer could wait until June to appoint a new central bank chief if he takes over the reins of power this week, as part of a gradual transition to replace the bank's eight-member board, his spokesman said on Wednesday.
A clear majority of Brazil's Senate indicated on Thursday it will vote to put President Dilma Rousseff on trial for breaking budget laws, signaling the end of 13 years of rule by the populist Workers Party in Latin America's largest nation.
Brazilian President Dilma Rousseff has packed up personal photos and stripped the shelves in her third-floor office in the Planalto presidential palace, a sign she is accepting the loss of her job in a Senate vote on Wednesday.
Brazil's Senate forged ahead with impeachment proceedings against President Dilma Rousseff on Monday, rejecting a surprise decision by the acting speaker of the lower house, who tried to annul a key vote just days before the president could be suspended from office.
Waldir Maranaho's acting speaker post in Brazil's Lower House and his decision to annul the April 17 impeachment procedure vote against Dilma Rousseff, could be on the fire line, and even the countdown, following on fourteen parties decision to impede him from acting, according to Veja, Brazil's leading magazine.
The deputy from the ruling Workers’ Party has appealed to Brazil’s Supreme Court in an effort to block the impeachment of President Dilma Rousseff ahead of Wednesday’s Senate vote.
A former Brazilian finance minister and the current head of the nation's state economic and social development bank allegedly pressured big construction firms into making campaign donations for President Dilma Rousseff, a newspaper reported on Sunday. If it proves correct it would be the first concrete lead linking the Petrobras corruption with BNDES, long suspected by Brazilian prosecution.
Brazil's Supreme Court removed the speaker of the lower house of Congress on Thursday on charges of obstructing a corruption investigation, days before an impeachment process that he engineered was expected to oust President Dilma Rousseff.
President Dilma Rousseff laid out the details last Monday for what she calls her bunker of resistance: a team of advisors to be installed in the Alvorada Palace next week. It will have a maximum of 15 members, according to a report to one of the main dailies, Folha de Sao Paulo.
The rapporteur of a Senate committee on impeachment issued a report Wednesday recommending that Brazilian President Dilma Rousseff be tried in the upper house for allegedly breaking budget laws.