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Brazil's Lula Plans $28 Billion Consumer Debt Buyout to Aid Households
Brazil's government, led by President Luiz Inácio Lula da Silva, plans to spend 15 billion reais to buy as much as 150 billion reais ($28 billion) of delinquent consumer debt from banks. The initiative aims to ease financial strain on households and bolster Lula's bid for a fourth term.
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