Sonia Gandhi May Spend More as India Prime Minister

Bloomberg.com: News & Commentary: "A month after taking office in January 2003, Brazilian President Luiz Inacio Lula da Silva, a former union leader, made the biggest spending cut in Brazil's history and sparked a rally in its stock and bond markets. Brazil's benchmark bond maturing in 2014 last year rose to 98 cents on the dollar from 66, while the Sao Paulo Stock Exchange's Bovespa Index gained 142 percent in U.S. dollars, the best performer among 59 primary indices tracked by Bloomberg. "