Coronavirus

Senate passes ‘War Budget’ bill, now headed to the House

The Senate passed the so-called “War Budget” bill, which allows for the implementation of a supplementary budget to fight the Covid-19 pandemic, as well as changes in fiscal and monetary policies. The bill was approved in a 65-15 second-round vote after changes to the original text were made, including the addition of a job maintenance clause and one establishing a minimal rating for assets acquired by the Central Bank.

The bill now returns to the House of Representatives, which must approve the changes.

Augusta Saraiva

Augusta is a Brazilian journalism student at Northwestern University

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