Today's news in Brazil is buzzing with a mix of political, judicial, and local updates that offer a glimpse into the current socio-political climate. The Comissão de Finanças e Fiscalização of the Legislative Assembly of Rio Grande do Norte has approved a new budget guideline law for 2026, reducing the resource reallocation percentage, setting the stage for a more controlled financial environment in the region with the annual budget proposal expected in September. President Luiz Inácio Lula da Silva has turned to the Supreme Federal Court (STF) to validate a decree increasing the tax on financial operations (IOF), emphasizing the challenge of governing without judicial support. This comes amid tensions as Lula criticizes the Chamber of Deputies' President, Hugo Motta, for reversing the IOF increase, calling it an 'absurd' breach of a prior agreement. Meanwhile, the Chamber of Deputies has approved a bill delaying regime progression for heinous crimes, highlighting ongoing debates on legal reform.In another political arena, Marina Silva, Minister of the Environment, expressed feeling "terribly attacked" by Federal Deputy Evair Vieira de Melo, who likened her rhetoric to that of the Revolutionary Armed Forces of Colombia (FARC). The Commission of Finance and Taxation of the Chamber of Deputies has invited Central Bank President Gabriel Galípolo to clarify the potential approval of Banco Master's acquisition by Banco de Brasília, underscoring the importance of transparency ...

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