Brazil lawmakers approve spending cap in victory for Temer

Brazil lawmakers approve spending cap in victory for Temer
 

A Congressional committee in Brazil approved on Thursday a constitutional amendment that would limit public spending to the rate of inflation for 20 years, handing President Michel Temer an initial victory in his plan to plug a widening deficit.
The lower house committee voted 23-7 to pass the proposal, which will be put to a vote in the full chamber early next week. Its approval requires two votes in the plenary of the lower house and two more in the Senate, needing a three-fifths majority in each chamber.
(Reporting by Maria Carolina Marcelino and Anthony Boadle; Editing by Daniel Flynn)
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6 October 2016 in World News, Views: 33
Source: Reuters
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