Brazil's Congress has rejected President Luiz Inácio Lula da Silva's decree to increase a financial transactions tax.

A justice froze dueling changes to a financial tax meant to shore up the federal balance sheet. Leaders now head to a July 15 ...

Alexandre de Moraes, a Supreme Court justice in Brazil, stepped into the middle of a high-stakes impasse between President ...

Both chambers of Brazil's Congress on Wednesday overturned a decree from President Luiz Inacio Lula da Silva raising the financial transactions tax (IOF) on certain credit, foreign-exchange and ...

Brazilian President Luiz Inácio Lula da Silva was silent while the “bill of devastation” (formally PL 2159/2021) moved ...

Brazil's Congress enacted Constitutional Amendment 135/24 regarding the fiscal spending cut package, Agencia Brasil reported. The new legislation stemming from the Proposed Amendment to the ...

Brazil’s Congress voted to block President Luiz Inacio Lula da Silva’s proposed tax increases on some financial transactions, ...

A newly proposed bill in Brazil’s Congress plans to establish a sovereign federal Bitcoin Reserve, potentially reshaping the country’s approach to digital assets. The bill was introduced on ...

President Luiz Inacio Lula da Silva’s efforts to shore up Brazil’s budget are on the brink of another setback after Congress advanced a push to block tax increases on some financial ...

SAO PAULO — Brazil's Congress on Wednesday nullified a presidential decree for the first time in decades, rejecting a move by President Luiz Inácio Lula da Silva to hike a financial ...

Brazil's Congress has rejected President Luiz Inácio Lula da Silva's decree to increase a financial transactions tax. By MAURICIO SAVARESE Associated Press. June 26, 2025, 1:04 PM. 1:11.