Good morning! With little money to spare, the government could face a shutdown soon. Breaking down Jair Bolsonaro’s TV interview. Rising tensions between U.S., China to affect Brazil.
The risk of a government shutdown in Brazil
President Jair Bolsonaro could face a government shutdown in his first year in office. The problem is the so-called “golden rule,” which stipulates that Brazil may only increase its debt to pay for investments—the money can’t be used for basic expenses, such as wages. Breaking this rule is an impeachable offense.
To avoid it, the government...