Brazil’s president wins breathing space

Paulo Trevisani – The Wall Street Journal, 11/18/2015

Brazilian lawmakers have delivered a partial victory to embattled President Dilma Rousseff, ratifying her vetoes on bills that could worsen public finances in Latin America’s largest economy.

In a late session, lawmakers approved some of the vetoes and left some others for Wednesday. The measures have been waiting ratification for months, adding uncertainty to Brazil’s turbulent politics and shaky economy.

The bills vetoed earlier this year could add 127.8 billion Brazilian reais ($33.5 billion) to an already large budget gap, according to government calculations.

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