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Brazil Congress Starting to Vote on Key Austerity Bills

Updated on

Brazil’s Congress is scheduled to start voting on legislation on Tuesday that Finance Minister Joaquim Levy says is crucial to averting a credit downgrade to junk.

The lower house on Tuesday is due to decide on a bill that would boost import levies and on Wednesday may vote on separate legislation to raise payroll taxes. Both would go on to the Senate if approved. The Senate is scheduled to vote Wednesday on a third measure that already passed the lower house that makes it harder for workers to access jobless insurance.