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Brazil Supreme Court authorizes investigation into President Temer
Source: Reuters
Brazil's Supreme Court on Thursday authorized an investigation into President Michel Temer and allegations that he condoned bribery of a potential witness in the massive "Car Wash" graft probe.
Temer denied any wrongdoing and strongly resisted growing calls for him to resign.
The news sent Brazilian stock and currency markets tumbling and raised doubts that Congress would pass Temer's austerity measures.
Temer's situation grew far more perilous after the Supreme Court officially approved an investigation into allegations against him, according to a source with direct knowledge of the decision.
Read more: http://www.reuters.com/article/us-brazil-corruption-idUSKCN18E1YX
