Tuesday, January 27, 2015

Brazil's Rousseff Urges Cabinet to Back Belt-Tightening

Brazil's President Dilma Rousseff urged her cabinet on Tuesday to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term. Rousseff stressed the need to rein in wasteful spending and to do more with less, a change of policy that investors want to see but that has caused frictions within the ruling Workers' Party.

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