(Adds details of court-awarded debt payments, comments by Guedes on letter by business leaders) SAO PAULO, Aug 30 (Reuters) – Brazil Economy Minister Paulo Guedes said on Monday he agrees with the solution proposed by the president of the Supreme Court, Luiz Fux, for payment of court-awarded debt owed by the government. The Supreme Court proposed last week that instead of paying the debt in installments, the government make sure the volume of payments does not exceed the budget spending ceiling. The proposal would reduce by around 50 billion reais ($9.6 billion) the total amount the government would have to pay next year. Instead of 89 billion reais, the government…
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Schumer-Sanders budget proposal could unleash staggering debt, deficit growth
Kansas Senator Roger Marshall and American Action Forum President Doug Holtz-Eakin discuss raising taxes and debt on ‘The Evening Edit.’ The $3.5 trillion budget proposal backed by Senate Majority Leader Chuck Schumer and Sen. Bernie Sanders projects sizable increases in public debt and the federal deficit over the next decade, according to figures included in the bill. The sweeping budget plan would fund many proposals favored by progressives, including large investments in clean energy, affordable housing, and education. Republicans are not expected to support the plan due to its price tag and concerns that it will exacerbate rising inflation, and the financial projections could rankle moderate Democrats, such as Sens.…
