IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 ▲ 1.81% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 56,620.35 — — USD/BRL5.07▼ 0.04% USD/MXN17.41▼ 0.03% USD/CLP934.18▼ 0.03% USD/COP3,220▼ 1.11% USD/PEN3.40▲ 0.07% USD/ARS1,478▼ 0.27% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▼ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.55% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 0.58% BRENT 94.32 ▲ 3.64% WTI 87.63 ▲ 3.20% IRON ORE 161.91 — — COPPER 6.52 ▲ 0.21% GOLD 4,122 ▲ 1.26% SILVER 59.80 ▲ 1.63% SOY 1,225 ▲ 0.43% CORN 478.50 ▲ 5.69% WHEAT 685.00 ▲ 1.03% COFFEE 306.65 ▼ 7.62% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 142.30 ▼ 3.46% COTTON 80.36 ▲ 1.77% COCOA 5,581 ▼ 0.46% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.08 ▲ 3.23% PETR4 41.66 ▲ 1.24% VALE3 72.37 ▲ 0.61% ITUB4 42.53 ▲ 0.54% BBDC4 18.55 ▲ 0.76% ABEV3 15.80 ▲ 0.06% BBAS3 20.88 ▲ 3.52% B3SA3 15.17 ▼ 0.59% WEGE3 42.47 ▼ 1.53% PRIO3 58.18 ▲ 0.85% SUZB3 41.63 ▼ 0.62% RENT3 36.55 ▼ 2.51% AZZA3 17.48 ▼ 3.80% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.83 ▼ 0.52% PSSA3 53.48 ▼ 1.33% CVCB3 1.12 ▲ 3.70% POSI3 3.68 ▼ 0.54% SLCE3 13.75 ▲ 1.33% NATU3 8.71 ▲ 0.93% BRKM5 5.71 ▼ 3.87% RANI3 7.89 ▼ 1.25% CSNA3 5.06 ▼ 0.20% CMIN3 5.58 ▲ 3.53% USIM5 8.46 ▲ 3.68% GGBR4 23.49 ▼ 0.55% ENEV3 25.42 ▼ 0.90% CPFE3 46.40 ▲ 0.17% CMIG4 11.02 — 0.00% EQTL3 38.83 ▼ 1.17% LREN3 13.27 ▼ 0.30% VIVT3 35.80 ▲ 0.36% RAIL3 13.24 ▼ 2.43% KLABIN 17.59 ▲ 0.63% RAIA DROGASIL 18.13 ▼ 3.00% RDOR3 33.92 ▼ 4.32% HAPV3 11.24 ▼ 2.68% FLRY3 16.55 ▼ 0.06% SMTO3 15.58 ▲ 1.10% UGPA3 31.82 ▲ 0.38% VBBR3 33.95 ▼ 0.47% BBSE3 41.55 ▲ 1.22% BPAC11 55.37 ▼ 0.84% CURY3 29.95 ▼ 0.80% AERI3 2.04 ▼ 1.45% VIVARA 21.41 ▼ 2.50% COMPASS 24.44 ▼ 0.65% VAMOS 3.09 — 0.00% SANB11 27.21 ▲ 0.74% ASAI3 8.25 ▲ 1.35% SBSP3 28.60 ▼ 1.31% WALMEX 49.15 ▼ 0.47% GMEXICO 209.54 ▲ 4.34% FEMSA 226.99 ▲ 0.01% CEMEX 22.07 ▲ 0.87% GFNORTE 185.80 ▲ 3.22% BIMBO 59.39 ▼ 0.18% TELEVISA 9.70 ▼ 0.10% AMX 22.76 ▲ 0.09% GAP 378.85 ▲ 0.17% ASUR 274.96 ▲ 0.22% OMA 225.89 ▼ 0.24% KOF 181.05 ▲ 0.13% GRUMA 282.60 ▼ 1.74% KIMBER 38.40 ▲ 0.03% SQM-B 64,540 ▲ 2.25% COPEC 6,450 ▲ 4.03% BSANTANDER 79.01 ▲ 3.84% FALABELLA 5,919 ▲ 0.75% ENELAM 84.53 ▲ 0.50% CENCOSUD 2,028 ▲ 1.66% CMPC 1,084 ▲ 1.67% BANCO CHILE 190.01 ▲ 1.89% LATAM AIR 24.20 ▼ 0.86% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.53 ▲ 3.09% BANCOLOMBIA 83.64 ▲ 3.49% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% SOUTHERN COPPER 188.01 ▲ 7.39% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% XP 16.85 ▲ 0.30% PAGSEGURO 9.58 ▲ 3.12% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% TECNOGLASS 45.15 ▼ 2.08% GAP AIRPORT 217.68 ▲ 0.26% ASUR 274.96 ▲ 0.22% OMA AIRPORT 104.23 ▲ 0.21% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.35 ▲ 0.26% CEMEX ADR 12.70 ▲ 1.68% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.01 ▼ 0.50% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 66,019 ▼ 0.73% ETH 1,925 ▼ 0.20% SOL 77.48 ▼ 0.80% XRP 1.14 ▼ 0.62% BNB 569.82 ▼ 0.66% ADA 0.17 ▼ 0.32% DOGE 0.07 ▼ 1.01% AVAX 6.51 ▼ 0.78% LINK 8.63 ▼ 0.27% DOT 0.84 ▼ 0.45% LTC 46.45 ▼ 0.78% BCH 220.90 ▼ 1.25% TRX 0.33 ▼ 0.10% XLM 0.19 ▼ 1.19% HBAR 0.07 ▲ 2.52% NEAR 1.88 ▼ 2.90% ATOM 1.47 ▼ 1.02% AAVE 96.39 ▲ 0.86% SELIC 14.25% EMBRAER 82.65 ▼ 0.77% EMBRAER ADR 65.47 ▼ 0.70% JBS 11.95 ▼ 0.67% JBS BDR 60.22 ▼ 0.94% MBRF3 15.11 ▲ 4.06% MBRFY 2.95 ▲ 1.37% INTER 5.58 ▼ 0.71% EGX 53,896 ▼ 0.17% USD/ZAR16.45▼ 0.14% USD/NGN 1,376 — 0.00% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,985 ▼ 0.84% KOSPI 6,798 ▲ 0.74% JCI 6,330 ▼ 0.16% USD/JPY162.95▼ 0.14% USD/CNY6.76▼ 0.09% DAX 25,165 ▲ 0.62% CAC 8,435 ▲ 0.86% FTSE 10,697 ▲ 1.04% MIB 52,670 ▲ 0.74% IBEX 19,528 ▲ 0.76% STOXX 646.10 ▲ 0.45% EUR/USD1.14▲ 0.15% GBP/USD1.34▼ 0.44% SPX 7,509 ▲ 0.89% DJI 52,225 ▲ 0.74% NDX 29,155 ▲ 1.93% RUT 2,987 ▲ 1.53% TSX 35,369 ▲ 1.17% VIX 17.47 ▲ 2.46% USD/CAD1.41▼ 0.12% US10Y 4.6280 ▲ 0.65% IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 ▲ 1.81% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 56,620.35 — — USD/BRL 5.07 ▼ 0.04% USD/MXN 17.41 ▼ 0.03% USD/CLP 934.18 ▼ 0.03% USD/COP 3,220 ▼ 1.11% USD/PEN 3.40 ▲ 0.07% USD/ARS 1,478 ▼ 0.27% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.55% USD/TTD 6.73 ▲ 1.02% EUR/BRL 5.79 ▼ 0.58% BRENT 94.32 ▲ 3.64% WTI 87.63 ▲ 3.20% IRON ORE 161.91 — — COPPER 6.52 ▲ 0.21% GOLD 4,122 ▲ 1.26% SILVER 59.80 ▲ 1.63% SOY 1,225 ▲ 0.43% CORN 478.50 ▲ 5.69% WHEAT 685.00 ▲ 1.03% COFFEE 306.65 ▼ 7.62% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 142.30 ▼ 3.46% COTTON 80.36 ▲ 1.77% COCOA 5,581 ▼ 0.46% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.08 ▲ 3.23% PETR4 41.66 ▲ 1.24% VALE3 72.37 ▲ 0.61% ITUB4 42.53 ▲ 0.54% BBDC4 18.55 ▲ 0.76% ABEV3 15.80 ▲ 0.06% BBAS3 20.88 ▲ 3.52% B3SA3 15.17 ▼ 0.59% WEGE3 42.47 ▼ 1.53% PRIO3 58.18 ▲ 0.85% SUZB3 41.63 ▼ 0.62% RENT3 36.55 ▼ 2.51% AZZA3 17.48 ▼ 3.80% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.83 ▼ 0.52% PSSA3 53.48 ▼ 1.33% CVCB3 1.12 ▲ 3.70% POSI3 3.68 ▼ 0.54% SLCE3 13.75 ▲ 1.33% NATU3 8.71 ▲ 0.93% BRKM5 5.71 ▼ 3.87% RANI3 7.89 ▼ 1.25% CSNA3 5.06 ▼ 0.20% CMIN3 5.58 ▲ 3.53% USIM5 8.46 ▲ 3.68% GGBR4 23.49 ▼ 0.55% ENEV3 25.42 ▼ 0.90% CPFE3 46.40 ▲ 0.17% CMIG4 11.02 — 0.00% EQTL3 38.83 ▼ 1.17% LREN3 13.27 ▼ 0.30% VIVT3 35.80 ▲ 0.36% RAIL3 13.24 ▼ 2.43% KLABIN 17.59 ▲ 0.63% RAIA DROGASIL 18.13 ▼ 3.00% RDOR3 33.92 ▼ 4.32% HAPV3 11.24 ▼ 2.68% FLRY3 16.55 ▼ 0.06% SMTO3 15.58 ▲ 1.10% UGPA3 31.82 ▲ 0.38% VBBR3 33.95 ▼ 0.47% BBSE3 41.55 ▲ 1.22% BPAC11 55.37 ▼ 0.84% CURY3 29.95 ▼ 0.80% AERI3 2.04 ▼ 1.45% VIVARA 21.41 ▼ 2.50% COMPASS 24.44 ▼ 0.65% VAMOS 3.09 — 0.00% SANB11 27.21 ▲ 0.74% ASAI3 8.25 ▲ 1.35% SBSP3 28.60 ▼ 1.31% WALMEX 49.15 ▼ 0.47% GMEXICO 209.54 ▲ 4.34% FEMSA 226.99 ▲ 0.01% CEMEX 22.07 ▲ 0.87% GFNORTE 185.80 ▲ 3.22% BIMBO 59.39 ▼ 0.18% TELEVISA 9.70 ▼ 0.10% AMX 22.76 ▲ 0.09% GAP 378.85 ▲ 0.17% ASUR 274.96 ▲ 0.22% OMA 225.89 ▼ 0.24% KOF 181.05 ▲ 0.13% GRUMA 282.60 ▼ 1.74% KIMBER 38.40 ▲ 0.03% SQM-B 64,540 ▲ 2.25% COPEC 6,450 ▲ 4.03% BSANTANDER 79.01 ▲ 3.84% FALABELLA 5,919 ▲ 0.75% ENELAM 84.53 ▲ 0.50% CENCOSUD 2,028 ▲ 1.66% CMPC 1,084 ▲ 1.67% BANCO CHILE 190.01 ▲ 1.89% LATAM AIR 24.20 ▼ 0.86% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.53 ▲ 3.09% BANCOLOMBIA 83.64 ▲ 3.49% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% SOUTHERN COPPER 188.01 ▲ 7.39% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% XP 16.85 ▲ 0.30% PAGSEGURO 9.58 ▲ 3.12% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% TECNOGLASS 45.15 ▼ 2.08% GAP AIRPORT 217.68 ▲ 0.26% ASUR 274.96 ▲ 0.22% OMA AIRPORT 104.23 ▲ 0.21% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.35 ▲ 0.26% CEMEX ADR 12.70 ▲ 1.68% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.01 ▼ 0.50% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 66,019 ▼ 0.73% ETH 1,925 ▼ 0.20% SOL 77.48 ▼ 0.80% XRP 1.14 ▼ 0.62% BNB 569.82 ▼ 0.66% ADA 0.17 ▼ 0.32% DOGE 0.07 ▼ 1.01% AVAX 6.51 ▼ 0.78% LINK 8.63 ▼ 0.27% DOT 0.84 ▼ 0.45% LTC 46.45 ▼ 0.78% BCH 220.90 ▼ 1.25% TRX 0.33 ▼ 0.10% XLM 0.19 ▼ 1.19% HBAR 0.07 ▲ 2.52% NEAR 1.88 ▼ 2.90% ATOM 1.47 ▼ 1.02% AAVE 96.39 ▲ 0.86% SELIC 14.25% EMBRAER 82.65 ▼ 0.77% EMBRAER ADR 65.47 ▼ 0.70% JBS 11.95 ▼ 0.67% JBS BDR 60.22 ▼ 0.94% MBRF3 15.11 ▲ 4.06% MBRFY 2.95 ▲ 1.37% INTER 5.58 ▼ 0.71% EGX 53,896 ▼ 0.17% USD/ZAR 16.46 ▼ 0.01% USD/NGN 1,376 — 0.00% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,985 ▼ 0.84% KOSPI 6,798 ▲ 0.74% JCI 6,330 ▼ 0.16% USD/JPY 162.95 ▼ 0.12% USD/CNY 6.7602 ▲ 0.05% DAX 25,165 ▲ 0.62% CAC 8,435 ▲ 0.86% FTSE 10,697 ▲ 1.04% MIB 52,670 ▲ 0.74% IBEX 19,528 ▲ 0.76% STOXX 646.10 ▲ 0.45% EUR/USD 1.1414 ▲ 0.09% GBP/USD 1.3374 ▼ 0.04% SPX 7,509 ▲ 0.89% DJI 52,225 ▲ 0.74% NDX 29,155 ▲ 1.93% RUT 2,987 ▲ 1.53% TSX 35,369 ▲ 1.17% VIX 17.47 ▲ 2.46% USD/CAD 1.4093 ▼ 0.09% US10Y 4.6280 ▲ 0.65%
since 2009
Wednesday, July 22, 2026

Brazilian Minister Suggests Executive Should Combat Congressional “Blackmail”

By · February 20, 2020 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – Pressure from Congress to overturn President Jair Bolsonaro‘s vetoes on the tax budget and control some of the 2020 resources increased tension in the government at the ministers’ meeting on Tuesday at the Alvorada Palace.

Minister of the Office of Institutional Security, Augusto Heleno.
Minister of the Office of Institutional Security, Augusto Heleno. (Photo: internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

Infuriated, the Minister of the Office of Institutional Security, Augusto Heleno, banged on the table, saying the government should not give in to Congressional “blackmail” and directed the president to “summon the people to the streets”. However, Bolsonaro called for caution and advised the political go-betweens to stitch up a new agreement.

Augusto Heleno’s anger at the pressure from Congress to control part of the tax budget began early, at 8 AM, during the flag-raising ceremony at the Alvorada Palace.

Heleno contended that the government was “negotiating a surrender” by accepting Congress to override some of the president’s vetoes, and asked Minister of Economy Paulo Guedes and Secretary of Government Luiz Eduardo Ramos to re-negotiate with Congress to try to uphold all vetoes.

In an audio recorded during a live broadcast of the Presidency on the Internet, Heleno said that the Executive branch cannot accept “blackmail” from Congress at all times.

“We can’t accept these guys blackmailing us all the time. Screw them,” said Heleno in the presence of Ministers Guedes and Ramos.

At the Government Council meeting in the Alvorada Palace, the GSI minister again voiced the president’s discomfort at allowing Congress to override his vetoes and control R$30 billion (US$7.5 billion) in the 2020 budget.

The Brazilian National Congress in Brasília.
The Brazilian National Congress in Brasília. (Photo: internet reproduction)

According to allies, Bolsonaro’s concern is that he will soon begin to govern under a parliamentary system. During the event with ministers, Heleno echoed the President’s annoyance, saying that the government cannot be “cornered” by pressure from Congress and that, if needed, the people should take to the streets to protest.

The stitching up of the new agreement began to be worked on early Tuesday night at Senate President Davi Alcolumbre’s official residence. In the presence of deputy Maia, the economic team and political coordination committed to persuade Bolsonaro to send a bill amending the Budget to turn R$15 billion that were marked as “amendment of the rapporteur” into funds available to ministries. The previous agreement provided for R$11 billion.

If all vetoes are overturned, Congress will have control of R$30 billion. The new draft now provides for R$10 billion to be placed under the power of deputies to be invested in public policies in hospitals, school construction; another R$5 billion will be shared among senators, R$11.6 billion will be returned to the Ministry of Economy and R$3.8 billion will be placed under the responsibility of the Government Secretariat to be transferred to the education area.

People close to the President have advised against bickering with Congress. In private conversations, advisors use the history of politics as examples, such as ex-presidents Dilma Rousseff and Fernando Collor who were impeached after clashes with the legislative branch.

Allies argue that the government needs to work together with Congress, otherwise the President may be prevented from working.

Source: Exame

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.