Brazil - Bolsonaro’s reelection campaign aims for economic populism

A new social spending program by the president sank markets and led to resignations. But Guedes hangs on.

President Jair Bolsonaro announced a new social spending plan last Thursday that sent shockwaves through the country’s stock market and led to the resignation of four senior government officials from the Economy Ministry. Treasury Secretary Jeferson Bittencourt, Special Treasury and Budget Secretary Bruno Funchal, and two of their top assistants stepped…