Mexican senate passes proposal to abolish autonomous bodies

MEXICO CITY (Reuters) – Mexico’s Senate approved on Thursday a measure to abolish most of the autonomous bodies that regulate some economic sectors and ensure government transparency, a reform that could worsen tension with the U.S. and hit credit ratings.

Lawmakers in the upper chamber voted on the proposal’s general terms with 86 in favor and 42 against, with nearly the same tally coming in for the bill’s particular terms.