Brazil’s real reached its weakest level against the dollar since its introduction in 1994, driven by investor frustration with President Lula’s spending cuts. The currency depreciated by 2.8% to 6.26 per dollar, losing 23% in value this year. Despite government efforts to shore up finances, concerns remain over inflation and economic stability as Congress debates key spending restrictions.
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Republican Flood jeered over Trump tax bill at Nebraska town hall
Rep. Mike Flood faced significant backlash during a public meeting in Lincoln, Nebraska, where he defended a controversial tax breaks and spending cuts bill signed by President Trump, which critics argue disproportionately affects Medicaid and favors the wealthy. Despite the audience's disapproval, Flood maintained his stance, asserting the bill protects Medicaid while engaging with audience concerns about the law and other Trump administration policies. Want More Context? 🔎
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