Why derrubada Is Trending Today?
Explore key developments that caused derrubada to trend — updated as the story unfolds.
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October 9, 2025 at 1:18 PM
Lula, the Brazilian President, has announced plans to convene ministers to discuss the government's response to the rejection of the MP of the IOF. The rejection of this measure has led to a decrease in the dollar's value, as well as a significant drop in future interest rates, due to the IPCA coming in below expectations. Haddad, the former mayor of São Paulo, has stated that the impact of the MP's rejection for this year is 'very small' due to the Supreme Court's decision regarding the IOF. Lula has also expressed his intention to propose that the financial system 'pay the due taxes' following the rejection of the MP. The voting records of each deputy in the rejection of the alternative MP to the IOF have been made public. Randolfe, a senator, has suggested that the increase in the IOF is an alternative to the loss of revenue resulting from the rejection of the MP. Government allies are considering presenting a project with urgency to cover the deficit caused by the rejection of the MP, and some have pointed to electoral motivations behind the opposition's actions. Gleisi, a senator from the Workers' Party, has criticized the opposition's 'narrow-minded' approach to the rejection of the alternative MP to the IOF. The relator of the MP has warned that the government may adopt unilateral measures against certain sectors if the MP of taxes is rejected.