Lula Plans $28 Billion Debt Buyout to Aid Consumers Before Vote
Brazil’s government plans to spend 15 billion reais to buy as much as 150 billion reais ($28 billion) of delinquent consumer debt from banks, part of President Luiz Inácio Lula da Silva’s push to ease the financial strain on households and bolster his bid for a fourth term.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
