Dilma Rousseff

Rio Olympics cutting costs with Brazil deep in recession

Olympic organizers, faced with the reality of a country deep in recession, are trimming costs to keep their budget balanced. To keep spending in line, officials say they will cut back on volunteers, reduce staffing at dozens of test events and trim costs for the opening and closing ceremonies of the Olympics and Paralympics in Rio de Janeiro. "This is a very strict budget," said Sidney Levy, the organizing committee's chief executive officer. "There'll be no excess, but we are not going to compromise the essentials." Levy has said often over the last few months he will trim costs and cut non-essential purchases. News of the budget austerity comes as hundreds...