Brazil’s Budget Minister Takes Leave of Absence During Probe

  • Recordings allegedly implicate minister; he denies wrongdoing
  • Brazilian markets sell off on concern about Temer government
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Brazil’s newly-appointed Budget Minister Romero Juca said he will take a leave of absence after allegations surfaced that he wanted to obstruct the sweeping corruption probe known as Carwash.

Juca, the leader of Acting President Michel Temer’s political party, will return to his former job as senator and make room for Dyogo Oliveira to take the helm of the Budget Ministry on Tuesday. The surprise announcement on Monday afternoon capped a day of speculation about Juca’s future in the cabinet after he initially refused to step down.