IBOV 179,722.48 ▲ 1.30% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,314.78 ▼ 0.18% MERVAL 3,049,455 ▲ 0.51% COLCAP 2,470.26 ▲ 1.86% BVL PERÚ 59,450.29 ▲ 0.11% USD/BRL5.15▼ 0.60% USD/MXN16.98▼ 0.08% USD/CLP936.45▲ 0.24% USD/COP3,162▼ 1.23% USD/PEN3.36▲ 0.02% USD/ARS1,513▲ 0.25% USD/UYU40.24▲ 0.68% USD/PYG5,873▲ 0.47% USD/BOB12.08▲ 3.98% USD/DOP58.56▲ 0.38% USD/CRC446.47▲ 1.09% USD/GTQ7.62▲ 1.63% USD/HNL26.84▲ 1.11% USD/NIO36.62▲ 0.20% USD/VES799.17▲ 0.23% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▼ 0.06% EUR/BRL5.97▼ 0.70% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 179,722.48 ▲ 1.30% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,314.78 ▼ 0.18% MERVAL 3,049,455 ▲ 0.51% COLCAP 2,470.26 ▲ 1.86% BVL PERÚ 59,450.29 ▲ 0.11% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Wednesday, September 2, 2026

Brazil Politics - Brazil

Bolsonaro Allies Set to Win Presidencies of Both Houses of Brazilian Congress

By · January 19, 2021 · 2 min read

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RIO DE JANEIRO, BRAZIL – Despite a deep recession and the world’s second-deadliest COVID-19 outbreak, candidates backed by Brazil’s president Jair Bolsonaro are expected to win control of Congress next month, politicians and analysts said on Monday, January 18th.

Brazil’s President Jair Bolsonaro. (Photo internet reproduction)
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Bolsonaro is openly supporting center-right Congressman Arthur Lira (PP-AL) for President of the Chamber of Deputies, against centrist Baleia Rossi (MDB-SP), who has the backing of current President Rodrigo Maia (DEM-RJ) and lawmakers keeping their distance from the president.

Lira, who cast himself as fiscally conservative in a written exchange with Reuters, has more than the 257-vote majority needed, according to risk consultancy Arko. That means an uphill battle for Rossi and the left-wing parties he is courting, which favor more help for low-income Brazilians hurt by the pandemic.

With more than 8.5 million confirmed COVID-19 cases and over 209,000 deaths – second only to the United States – the second wave of Brazil’s outbreak is likely to raise pressure on the government to spend more, widening its huge budget deficit.

Hospitals in the Amazon city of Manaus are overwhelmed again, prompting pot-banging protests in Brazil’s largest cities over the handling of the pandemic by Bolsonaro, who has repeatedly denied the gravity of the virus.

On the economic front, Ford Motor Co announced last week it was shutting production in Brazil and cutting about 5,000 jobs, in a symbolic blow for a country that likely suffered its worst recession on record in 2020.

Yet polls show Bolsonaro has retained public support in the crisis, with 37% of those polled calling him a “good” or “great” president in both August and December surveys by pollster Datafolha. That solid support, along with a growing willingness to engage in traditional horse-trading in Congress, have helped him secure a political base of center-right lawmakers.

His favored candidate in the Senate, Rodrigo Pacheco (DEM-MG), has a clear lead to become president of the Senate, by 46 senators (out of a total of 81) to 33 for his rival Simone Tebet (MDB-MS), according to Arko.

Pacheco even has the backing of the leftist Workers Party (PT) that see him opposing Bolsonaro’s more controversial views such as easing gun ownership rules and denying climate change.

“Pacheco is not an extreme free-market exponent and would not agree to the blanket privatization of state companies,” PT Senator Jean Paul Prates said in a telephone interview.

Lira has said his priority if elected president of the lower house on Feb. 1 was an emergency bill that would give the federal and local governments more room to handle spending but avoid them breaching Brazil’s legally mandated spending cap.

He told Reuters, however, that Congress had to find an alternative to extending last year’s emergency transfers to low-income Brazilians that cost 322 billion reais ($61 billion) and blew a record hole in the government’s finances.

Source: Reuters

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