Good morning! The House’s Constitution and Justice Committee (CCJ) is expected to begin its vote on the pension reform. Lula’s appeal trial is scheduled for today. Truckers agree not to go on strike—for now, after Petrobras changed its price disclosure model.
Will the pension reform finally progress in Congress?
All eyes of financial markets in Brazil will be on Congress today, as the House’s Constitution and Justice Committee (CCJ) is expected to begin its vote on the pension reform. The government agreed to remove a few controversial points of the bill—but which don’t affect the overall savings the proposal would allow. In exchange, centrist parties agreed to approve the bill in the committee, allowing the pension reform to move on to the Special Committee, which will debate the merit of the bill in detail.
The CCJ is only tasked with analyzing whether the bill goes against constitutional principles—and rarely proposes any amendments. The government has yielded in the hope of a victory by a “wide margin,” which would give the reform some much-needed momentum.
The opposition, however, will try to stall the vote once again. A group of congressmen wants to put deliberations on hold until the government decides to...