The total public debt outstanding of the U.S. government has been exploding at a nearly unprecedented rate. Starting from March 15, 2020, just before the coronavirus pandemic gave politicians a reason to open the federal government’s spending floodgates, the national debt stood at a nearly even $23.5 trillion. Three months later, on June 15,…
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Reform is within reach, but several obstacles remain.
Understanding the motives behind the populist trend.
A technical committee of the Chamber of Deputies has voted to recommend the impeachment of Brazilian President Dilma Rousseff. If two-thirds of the lower house of Congress vote to impeach her, her fate will rest with the Senate, where a simple majority will certainly accept the case. During the process, Rousseff will be suspended…
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Brazil’s presidential election has confirmed that, after a few weeks in which environmentalist candidate Marina Silva and her “new kind of politics” turned things upside down, everything is back to normal: the governing Workers Party (PT) is a hegemonic force, the Social Democratic Party (PSDB) is a convenient opposition and, despite the increasing impatience…
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