Rousseff Pitches Renewed Austerity to Wary Brazil Congress
- Measures include caps on spending growth and cuts in pensions
- Legislators booed president when she proposed banking tax
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Brazil’s President Dilma Rousseff urged legislators to approve caps on government spending growth, cuts in pension benefits and the revival of a financial transaction tax to shrink the growing budget deficit and boost investor confidence.
"Brazil requires the contribution of Congress to continue with fiscal stabilization and assure the recovery of growth," Rousseff, 68, said Tuesday in a speech to commemorate the beginning of the legislative year. Unlike last year, when she sent her chief of staff, the president personally delivered the message.