A PYMNTS Company

Brazil: President has been impeached

By  |  August 31, 2016

Brazil’s first female president is out of a job, but not barred from the ballot if she wants to run again.

The South American country’s Senate voted 61-20 Wednesday to remove President Dilma Rousseff from office, finding her guilty of breaking budgetary laws in an impeachment trial.

Michel Temer, Rousseff’s former vice president who’s been serving as interim president since her suspension in May, will assume the office of president and serve out the remainder of her term. He was scheduled to be sworn in later Wednesday.

Wednesday’s vote marks the culmination of a contentious impeachment process that’s dragged on for months. It’s a political crisis that ordinary Brazilians could do well without as the country, which just hosted the Summer Olympics in Rio, is trying to pull itself out of recession.

Full Content: NY Times

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.