Brazilian Socialist Party party did well in the legislative elections, electing 34 deputies and 7 senators. The party later voted in favour of the impeachment of Dilma Rousseff and formed a coalition government with Brazil's new president, Michel Temer. In May 2017, the PSB withdrew its support from Temer and went into opposition. Brazilian Socialist Party The Brazilian Socialist Party (, PSB) is a political party in Brazil. It was founded in 1947, before being abolished by the military regime in 1965 and re-organised in 1985 with the re-democratisation of Brazil. It elected six Governors in 2010, becoming the second largest party in
Impeachment of Dilma Rousseff stressed the company's financial health. She stepped down from the Petrobras board only in February 2015. Some international companies were chosen to be encouraged and, thereafter participated in unrealistic bids to drain the state-owned company, giving back much of the value through seemingly licit donations. It was alleged that statements taken from the accused in Operation Car Wash suggested that Lula and Rousseff had known of the bribery scheme in Petrobras. Rousseff issued six unnumbered decrees in 2014 and 2015 that allocated funds to social programs, allegedly for political purposes, without authorization from Congress. These totaled R$18.5 billion (US$6.9 billion)