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🏛️ Vote now, read later
Congress votes on economic matters as it holds the government hostage. Who stands to lose most if Trump really does hike tariffs on Brazilian goods. And a moment of reckoning with the country’s recent past
Good morning! While paying lip service to the energy transition, the Brazilian government celebrated the fact that its oil production from pre-salt deepwater reserves has cleared, for the first time, the mark of 100,000 barrels a day.
Congress has a full week ahead
House Speaker Arthur Lira is in "pure blackmail" mode, a government member complained. Photo: Marcelo Camargo/EBC
With the year's final working days upon them, Brazilian lawmakers are racing to clear a crowded agenda, including several key economic measures awaiting a vote. They include key elements of the tax reform, a plan to renegotiate state debts, proposals to limit salaries for high-earning government officials, and new rules governing tax incentives.
These are complex and consequential matters, yet the sheer volume makes it nearly impossible to debate them fully in the time remaining before the end-of-year break. As one House member put it to The Brazilian Report, the approach will likely be: “Vote now, and see what we’ve approved later.”
Driving the news. Among the most pressing matters is also the Budgetary Guidelines Law (LDO), which sets the framework for the 2025 federal budget. Typically approved by midyear, the LDO vote has been delayed amid Congress’s feud with the government and Supreme Court over their control of budgetary earmarks, raising the risk of a legal impasse that could complicate public spending.
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