Threats Remain to Brazil’s Pension Bill Despite Investor Cheer
While investors cheered the progress of Brazil’s key pension reform bill last week, there’s no certainty that its passage through the rest of the legislative process will prove smooth. A day after the lower house special committee approved the text, President Jair Bolsonaro said there are some errors in the bill that need correcting. Members of his party, the PSL, are grumbling about the lack of special treatment for police. Meanwhile time is fast running out for a vote...