RIO DE JANEIRO—Brazilian President Michel Temer signaled Thursday he may scale back a proposed overhaul to the social security system, as opposition from legislators threatens to derail the linchpin of his plan to revive the economy. The pension reform, which seeks to establish a minimum retirement age of 65 years and reduce generous payouts and perks, would fail to pass Congress if a vote were held now, a survey of legislators by newspaper Estadão found on Wednesday. Only 94 of 513 legislators in the lower House support...

Source: Wall Street Journal April 06, 2017 16:16 UTC