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BRASILIA: Brazil's President Michel Temer has agreed with congressional leaders to delay a key vote on pension reform in the lower house until the week of Dec. 18, a source in the presidential palace, who was not authorized to speak publicly, told Reuters.
The pension reform, a cornerstone of Temer's efforts to reduce Brazil's budget deficit, is seen by investors as key to the nation's fiscal health. Brazil's currency and benchmark Bovespa stock index slipped on Thursday amid concerns that Temer lacked support to put the measure to a vote.
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