BRASILIA (Reuters) – President Dilma Rousseff can no longer count on a key ally in her ruling coalition, complicating efforts to stave off what could be the roughest patch for Brazil’s economy in a quarter-century.
Leaders of the Brazilian Democratic Movement Party (PMDB), the biggest party in Rousseff’s coalition, blame her for their inclusion in a probe of politicians allegedly involved in a massive corruption scheme at state-run oil company Petrobras.
BRASILIA (Reuters) – President Dilma Rousseff appealed to Brazilians on Sunday to back fiscal austerity policies, while saying that the belt-tightening will last as long as needed and positive results will only start showing at the end of this year.
With the economy stalled and relations with her coalition allies in disarray due to a massive corruption investigation at state-run oil company Petrobras, Rousseff needs support for unpopular steps to reduce a gaping deficit and save Brazil’s investment grade rating on its debt from a downgrade by ratings agencies.
BRASILIA, March 6 (Reuters) – Brazil’s Supreme Court will
investigate the speakers of both houses of Congress and 32 other
sitting politicians in connection with a multibillion-dollar
kickback scheme at state-controlled oil company Petrobras
The scandal has shaken the political establishment and
undermined support for President Dilma Rousseff, who was
narrowly re-elected last year and is struggling to stave off an
economic recession and a downgrade by credit rating agencies.
BRASILIA/SAO PAULO, March 5 (Reuters) – A corruption scandal
at state-run oil company Petrobras has entered a volatile new
phase that could lead to jail for some of Brazil’s best-known
politicians and business leaders while making a likely recession
A prosecutor’s motion on Tuesday to open investigations
against 54 individuals, reportedly including the leaders of both
chambers of Congress, means a swathe of Brazil’s political elite
now feels threatened.
BRASILIA, March 4 (Reuters) – Brazil President Dilma
Rousseff on Wednesday raced to defuse a rebellion by legislators
upset about her budget austerity plans and her handling of a
corruption scandal at state-run oil company Petrobras.
Rousseff met with legislative leaders from her coalition
after they unexpectedly threw out a presidential decree that
would have raised payroll taxes and helped close a gaping hole
in Brazil’s budget.
SAO PAULO/BRASILIA (Reuters) – Brazil’s President Dilma Rousseff raced on Wednesday to defuse a rebellion in Congress by legislators upset over her budget austerity plans and her handling of a corruption scandal at state-run oil company Petrobras.
Rousseff was set to meet with legislative leaders from her coalition, her office said, after they unexpectedly threw out a presidential decree that would have raised payroll taxes and helped close a gaping hole in Brazil’s budget.
BRASILIA (Reuters) – Brazil’s top prosecutor asked the Federal Supreme Court on Tuesday to open investigations into politicians who allegedly benefited from a multibillion-dollar kickback scheme at state-run oil company Petrobras (PETR4.SA: Quote, Profile, Research, Stock Buzz), a court official said on Tuesday.
The request for authorization to probe elected officials expands the country’s biggest corruption scandal to the political realm, further rattling President Dilma Rousseff’s administration at a time when it is already struggling to contain the economic fallout from the case.
BRASILIA, Feb 25 (Reuters) – Brazil’s top prosecutor is
expected to file charges in coming days against politicians
implicated in the Petrobras corruption scandal, a political
bombshell that could involve members of Congress and President
Dilma Rousseff’s government.
Under Brazilian law, lawmakers and cabinet members can only
be tried by the Supreme Court. Prosecutor Rodrigo Janot has said
he plans to file cases with the court by the end of the month
against politicians involved in the graft scheme at Petrobras.
BRASILIA, Feb 13 (Reuters) – President Dilma Rousseff’s
austerity push has run into stiff opposition from her own allies
in Congress that could derail her efforts to restore Brazil’s
fiscal credibility and avoid a damaging credit rating downgrade.
The leftist leader’s allies, including members of her own
Workers’ Party, are seeking to water down a first batch of
unpopular bills that trim unemployment and pension benefits and
save some 18 billion reais ($6.32 billion).
BRASILIA (Reuters) – For the first time since a corruption scandal erupted at Brazil’s state-run oil company Petrobras last year, senior opposition politicians are publicly floating the possibility of impeaching President Dilma Rousseff.
She does not face an immediate risk of impeachment, leading opponents told Reuters, but that could change if prosecutors find evidence that Rousseff knew of or benefited from the massive graft scheme.