Brazil's Rousseff Cancels Japan, Vietnam Trip Amid Budget Woes
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Brazilian President Dilma Rousseff canceled an official visit to Japan and Vietnam, the government said, as it tries to resolve a budget crisis.
Rousseff’s administration said Friday that it will trim more than 10 billion reais ($2.6 billion) from this year’s spending budget in a last-ditch effort to meet its fiscal target. The government will provide details of the spending cuts in a decree on Monday, the presidential press office said.