Brazil Eyes Pension Vote, Budget Target After Temer Dodges Trial

Peace and Freedom

BRASILIA — Brazil’s Congress is expected to reopen the door for a modest pension overhaul as soon as October, lawmakers said before returning to normal business on Thursday following a vote to block a corruption trial against President Michel Temer.

Still, legislators warned that Temer must spend some of his newfound political capital either on measures raising tax revenue or a new, less ambitious 2017 budget target. The choice could quickly put him at odds with allies and even erode market confidence in his austerity agenda.

President Michel Temer of Brazil in Brasília — Congress voted NO for a corruption trial.  Credit Eraldo Peres/Associated Press

Since May…

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