Brazil government budget goes into the red

Brasília (AFP) - Brazil's government presented a 2016 budget Monday that for the first time projects the world's seventh largest economy operating in the red, sparking worries that the country's investment grade rating will be put at risk. Embattled President Dilma Rousseff's government delivered the proposed budget to Congress predicting a primary deficit amounting to 0.5 percent of GDP, or 30.5 billion reais ($8.4 billion). This was the first time a Brazilian government has delivered a