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Brazil Seeks Urgent Solution to Pay Pensions Without Delay

By Richard Mann, Contributing Reporter

BRASILIA, BRAZIL - At the risk of delaying payment of pensions and social benefits, an economic team is seeking a solution to the deadlock over additional credit that unlocks such expenses without violating the so-called budget "golden rule" which prevents the issuing of debt securities to cover current costs.

The government tries to tailor a way out of the rapporteur's opposition, Deputy Hildo Rocha (MDB-MA), by endorsing . . .

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